EX 10-22 Accrued product warranty Fosters Manufacturing Co. warrants its products for one year. The estimated product warranty is 2% of sales. Assume that sales were $1,500,000 for January. On February 7, a customer received warranty repairs requiring $325 of parts and $120 of labor. a. Journalize the adjusting entry required at January 31, the end of the first month of the current Obi 5 fiscal year, to record the accrued product warranty. Journalize the entry to record the warranty work provided in February