Early in 2025, Metlock Equipment sold 500 Rollomatics at $5.500 each. During 2025, Metlock spent $22,000 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 Metlock. Assume that Metlock estimates the total cost of servicing the warranties in the second year will be $38,000. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically inderited when amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Save for Later Account Titles and Explanation (To record sales) (To record payment for warranty costs incurred) (To record estimated warranty expense and warranty liability for expected warranty claims) Debit Attempts: 0 of 1 used Credi Submit Answer

Earty in 2025, Metlock Equipment sold 500 Rollomatics at 55500 each. During 2025 . Metlockspent $22.000 oervicing the 2-vear assurance warranties with inventory, cash, and paryables that accompary the Rollomatic All gales trarsactlons are on a cash basls (a) Prepare 2025 entries for Metlock. Assume that Metlock estimate the total cost of servicing the warranties in the second year will be 538,000 . (ff no entry ir requined, select "No Entry" for the account tieles and enter 0 for the amounts. Credit accoumt titles are autarnatically inderted when amount is entered. Do not indent manially List all debit ertries before crefit entries) (3) Frepare 2a25 entrien for Wetiock. Avwame thut Metiock estimates the total cost of terveling the warranties in thesecdind veit Account Thles and Explanation Dwhit Credil (Hstecord taled) il disty fog expecteit war wityedainu]