Hardin Widget Manufacturing began operations in January $2024.$ Hardin sells widgets that carry a two$-$year manufacturer's warranty against defects in workmanship. Hardin's management projects that $1\%$ of the widgets will require repair during the first year of the warranty while approximately $5\%$ will require repair during the second year of the warranty. The widgets sell for $$400$ each. The average cost to repair a widget is $$50.$ The company sells $60\%$ of the widgets to retail customers who must pay a $6\%$ sales tax. Sales and warranty information for $2024$ and $2025$ are as follows:

$2024.$ Sold $230$ widgets on account; incurred warranty expenditures of $$330$ for widget repairs.

$2025$: Sold $330$ widgets on account; actual payments for warranty expenditures were $$530.$

Required:

Prepare journal entries that summarize the sales and any aspects of the warranty for $2024$

Prepare journal entries that summarize the sales and any aspects of the warranty for $2025.$

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Prepare journal entries that summarize the sales and any aspects of the warranty for $2024.$

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Journal entry worksheet

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Record the entry for summarize the sales for $2024.$