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Logan Manufactunng Co. Watrants as products for one year. The estimated product warranty is 2.5% of sales. Assume that sales wore 5398.000 for January. In

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Logan Manufactunng Co. Watrants as products for one year. The estimated product warranty is 2.5% of sales. Assume that sales wore 5398.000 for January. In Febeuary, a customer recelved warranty repairs requining $410 of parts and $250 of labor. Required: a. Journakze the acqusting entry requied at daneary it, the end of the first month of the current fiscal year to record the accrued arodent watranky b: On February 28 poumalce the entoy to record the warrarity work arovided an Febryory." "Refer to the chart of accounts for the exact wording of the account hiles: CNOWjoumals do not ese lines for joumat explantions Every aine. on a jourial page is used for debit or credt entries CNOW joumals ww automaticasy indent a cedt entry whor a credif amount is entertd b. On Febrvay 25 , oumalige the entry to resord the waranty work provided in February. Refer to the chait or accounts for the exact wording of the account totiss. Journais do not ise ines for ourhal expianatons Every ine on a joumai page is used far debt or credit entres CNoWjpurnas iwer automatcaly indent a creat el a credit amourit is entored Journa! a credt amount is endeng

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