Monetz Co. sells television sets for $1,000 each and also sells a 3-year warranty for $60 each. During 2015, Monetz sold 500 televisions and 400 warranties on account. Based on past experience, the company estimates the total 3-year warranty costs amount to $45 for each warranty sold. During 2015 100 televisions were brought in under the warranty for a total warranty cost of $3, 250. Prepare the journal entry to record the sale of the televisions and warranties. Assuming all warranty costs are paid in Cash, prepare the 2015 warranty journal entries using the sales warranty approach