if lold 25 laptops in a month. it normally prevides 600 as repir costs The repair costi were $1,420 in vear 1 and 51,370 in vear? Assumine the opering balance in the fability for warranty expences is $945 provide the recessary entries for both years and find the closing balance in I iability for warranty expentes acceurth product sales warranty s-ales 252400=25150=600003759 eepair costset 600 on $3,750= 6000 2750 entries cash are Sales faptopl aefered revernue rear 1 Defered revenue Warrantry sales. Tear? Defected revervie Warrantry sleb Warranty expenses thality for warrary esp 945 cash aye 1,420 opening balance 1,370 warranty enp 2,250 3.195 opening balance closing balance 4053,195 openins balance orar63750 ci 10000 1,790 or 1875 1875 1875 1875 Yeat 1. tiability for warrany ewp Dr Cath /AP: Cr reat 2 Uability for warramy exp Dr Cash/ AP Cr 2750 2,250 1,420 1.420 1,370 1,370