Exercise 13-11 (Part Level Submission) Early in 2017, Sheryl Crow Equipment Company sold 500 Rollomatics during 2017 at $6,000 each. During 2017, Crow spent $20,000 servicing the 2-year warranties that accompany the Rollomatic. All applicable transactions are on a cash basis. (a) Your answer is partially correct. Try again. Prepare 2017 entries for Crow. Assume that Crow estimates the total cost of servicing the warranties will be $55,000 for 2 years. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date At Sale During 2017 Dec. 31, 2017 Account Titles and Explanation Cash Sales Revenue Warranty Expense Warranty Liability Warranty Liability Cash Debit Credit 3,000,000 3,000,000 55000 20000 x 55000 20000