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Ex 10-22 Accrued product warranty. Foster's Manufacturing Co. warrants its products for one year. The estimated product warranty is 3% of sales. Assume that sales

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Ex 10-22 Accrued product warranty. Foster's Manufacturing Co. warrants its products for one year. The estimated product warranty is 3% of sales. Assume that sales were $1,1, for January. 011 February F', a custorner received warranty repairs requiring $175 of parts an {BED of labor. A. JournaJize the adjusting enlry required at Jan 31, the end of the first month of the current year, to record the accrued product warranty. B. Journalize the entry to record the warranty work provided in February

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