Muin Company provides assurance type warranties and estimates its warranty liability at 5% of sales. Last year (2019), the company sold 330,000 units and they expected to incur $45 of repairs for each one that is returned. During 2020 the company incurred $687,500 in actual warranty repairs. Muin has a December 31 year end. Your answer is correct. Calculate the balance of any warranty provision the company will report relating to its 2019 sales as at December 31, 2020 Amount of waranty liability 5 5000 SHOW LIST OF ACCOUNTS SHOW SOLUTION Attempts: 1 of 2 used (6) Record the necessary Journal entries for the above transactions. (Credit accounties are automatically indente required, select "No entry for the account titles and enter for the amounts) not indent many. If no entry t The Explanation Date A Dec 31, 2019 Attempts: 1 of 2 used Record the necessary journal entries for the above transactions. (Credit accounties are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amo Collapse question part Debit Credit Date Account Titles and Explanation Dec 31, 2019 During 2020 Attempts of used