Nunca Appliance Ltd provided a one-year labour and parts warranty with every freezer sold. It was expected that 3000 freezers would be sold during the year. Previous records showed that about 3% of freezers required warranty repairs at an average cost of $300 per freezer. On 1 May, $1000 was paid out for repairs under warranty. Prepare the journal entries related to warranty. Narrations are not required.