Journalize the payroll on March 15, 2022, and the accrual of employer payroll taxes. (Round answers to 2 decimal places, eg. 15.25 Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 15 Mar. 15 (To record payroll) (To record accrual of payroll taxes.) Debit Credit Sheffield Company sells automatic can openers under a 75-day warranty for defective merchandise. Based on past experience, Sheffield estimates that 4% of the units sold will become defective during the warranty period. Management estimates that the average cost of replacing or repairing a defective unit is $25. The units sold and units defective that occurred during the last 2 mont of 2022 are as follows. Month Units Sold Units Defective Prior to December 31 November 30,400 608 December 32,400 405 (a) Your Answer Correct Answer Your answer is correct. Prepare the journal entry to record the costs incurred in honoring 1,013 warranty claims. (Assume actual costs of $25,325.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Warranty Expense Repair Parts Debit 25325 Credit 25325 Prepare the journal entry to record the warranty liability at December 31 for the units sold in November and December. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation (c) Warranty Expense Warranty Liability eTextbook and Media List of Accounts Save for Later Debit 62,800 Credit 62,800 Assistance Used Attempts: 3 of 5 used Submit Answer Your answer is correct. Give the entry to record the honoring of 500 warranty contracts in January at an average cost of $25. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Warranty Liability Debit 12500 Credit (c) Warranty Expense Warranty Liability eTextbook and Media List of Accounts Save for Later 62,800 62,800 Assistance Used Attempts: 3 of 5 used Submit Answer Your answer is correct. Give the entry to record the honoring of 500 warranty contracts in January at an average cost of $25. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Warranty Liability Repair Parts eTextbook and Media List of Accounts Debit 12500 Credit 12500 Attempts: 1 of 5 used