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Headland Corporation sells computers under a 2-year warranty contract that requires the corporation to replace defective parts and to provide the necessary repair labor. During

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Headland Corporation sells computers under a 2-year warranty contract that requires the corporation to replace defective parts and to provide the necessary repair labor. During 2020, the corporation sells for cash 364 computers at a unit price of $ 2.380. On the basis of past experience the 2-year warranty costs are estimated to be $ 160 for parts and S 200 for labor per unit (For simplicity. assume that all sales occurred on December 31, 2020.) The warranty is not sold separately from the computer (a) a Your answer is partially correct Record any necessary journal entries in 2020. (If no entry is required. select "No Entry for the accountitles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash 666320 Sales Reno 185200 arranty Expen 7852 Warranty 200

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