Lornerstone werde Want n In 2019. repuls contes Com average 310 water heaters for of the total selling price Required: 1. How much is recorded in the warranty a performed y account as a results 2. Prepare the necessary adjusting entry at December 31, 2019 Dec. 31 (Record warranty expenne) All work saved signment/takeAssignment Main.do?invokersassignments&takeAssignmentSessionLocator=assignment-takeinprogress false 0 1 Cornerstone Exercise 8-31 (Algorithmic) Warranties uming estimates that In 2019, BMJ Plumbing Company sold 310 water heaters for $890 each. The water heaters carry a 2 year warranty for repas. M repair costs will average 1% of the total selling price. Required: 1. How much is recorded in the warranty liability account as a result of selling the water heaters during 2019, assuming no warranty service has yet performed? 2. Prepare the necessary adjusting entry at December 31, 2019. Dec. 31 O (Record warranty expense) Previous All work saved