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Early in 2025, Marigold Equipment sold 500 Rollomatics at $6,000 each. During 2025 , Marigold spent $21,000 servicing the 2 -year assurance warranties with inventory,

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Early in 2025, Marigold Equipment sold 500 Rollomatics at $6,000 each. During 2025 , Marigold spent $21,000 servicing the 2 -year assurance warranties with inventory, cash, and payables that accompany the Rollomatic. All sales transactions are on a cash basis. (a) Prepare 2025 entries for Marigold. Assume that Marigold estimates the total cost of servicing the warranties in the second year will be $39,000. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts, Credit occount titles are outomatfeally indented when amount is entered. Do not indent manually. List olf debit entrles before credit entries.)

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