ExCell Company is preparing adjusting entries at December 31, 2020. An analysis reveals the following: a. During December, ExCell sold 7,300 skateboards that carry a 60-day warranty. The skateboard sales totalled $398,000. The company expects 9% of the skateboards will need repair under warranty and it estimates that the average repair cost per un be $46. b. A disgruntled employee is suing the company. Legal advisers believe that it is probable that ExCell will have to pay damage amount of which cannot be reasonably estimated. c. ExCell needs to record previously unrecorded cash sales of $2,180,000 (cost of sales 70%) plus applicable HST. d. ExCell recognizes that $103,000 of $168,000 received in advance for skateboards has now been earned. 1 Required: Prepare any required adjusting entries at December 31, 2020, for each of the above. (If no entry is required for a transaction/e select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 > Record warranty expense. Note: Enter debits before credits. Date General Journal Debit Credit December 31 TIEVELIN X: X ... 1 Record warranty expense. 2 Record the adjusting entry for the damages payable. 3 Record sales plus HST. 4 Record the cost of sales. 5 5 Record earned portion of unearned revenue. Credit Note: = journal entry has been entered Journal entry worksheet