Hon-Chi Enterprises sells heavy-duty lawnmower equipment. On May 7, 2020, they sold a lawnmower (on account) for $45,000 which included a 4-year unlimited warranty. The corporation's accountant estimates that $3,800 will be paid out in warranty obligations. The cost of goods sold is $15,750. Assume Hon-Chi uses a perpetual inventory system. Prepare the journal entries relating to these transactions.

Do not enter dollar signs or commas in the input boxes.

Date	Account Title and Explanation	Debit	Credit
May 7		Answer
			Answer
	To record the sale of the lawnmower
May 7		Answer
			Answer
	To record cost of goods sold
May 7		Answer
			Answer
	To accrue for estimated warranty costs