On December $1,$ Home Store sells a mower $($that costs $$200)$ for $$500$ cash with a one$-$year warranty that covers parts. Warranty expense is estimated at $8\%$ of sales. On January $24$ of the following year, the mower is b

rought in for repairs covered under the warranty requiring $$35$ in materials taken from the Parts Inventory.

Prepare the December $1$ entry to record the mower sale $($and cost of sale$),$ the December $31$ adjusting entry for estimated warranty liability, and the January $24$ entry to record the warranty repairs.