Fosters Manufacturing Co$.$ warrants its products for one year. The estimated product warranty is $2\%$ of sales. Assume that sales were $$1,800,000$ for January. On February $7,$ a customer received warranty repairs requiring $$375$ of parts and $$140$ of labor.

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a$.$ Journalize the adjusting entry required at January $31,$ the end of the first month of the current fiscal year, to record the accrued product warranty. If an amount box does not require an entry, leave it blank.

DateAccountDebitCredit

Jan. $31$

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b$.$ Journalize the entry to record the warranty work provided in February. If an amount box does not require an entry, leave it blank.