Exercise 13-11 Early in 2020, Splish Equipment Company sold 500 Rollomatics at $6,100 each. During 2020, Splish spent $21,000 servicing the 2-year assurance warranties that accompany the Rotomatic. A applicable transactions are on a cash basis. Prepare 2020 entries for Splish. Assume that Splish estimates the total cost of servicing the warranties in the second year will be $34,000. (If no entry is required, select "Ne Entry for the account titles and enter for the amounts. Credit account tities are automatically indented when amount is entered. De mot indent manually. Record journal entries in the order presented in the problem.) Date Account Tities and Explanation CALCULATOR FALSCREEN PRINTER VERSION BACK Prepare 2020 entries for Splish assuming that the warranties are not an integral part of the sale a service-type warranty). Assume that of the sales total, $56,000 relates to sales of warranty contracts Warranty costs incurred in 2020 were $21,000. Estimate revenues to be recognized on a straight-line basis. (If no entry is required, select "No Entry for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 5 decimal place e.g. 1.54657 answers to decimal places, e.g. 5,125. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit (To record warranty revenue) Click if you would like to show Work for this question Open Show Work SHOW LIST OF ACCOUNTS