On November 10, 2013, Lee Co. began operations by purchasing coffee grinders for resale. Lee uses the perpetual inventory method. The grinders have a 60-day warranty that requires the company to replace any non-working grinder. When a grinder is returned, the company discards it and mails a new one from merchandise e inventory. The companys cost per new grinder is $24 and its retail selling prices is $50 for both 2013 and 2014. The manufacturer has advised the company to expect warranties to be 10% of sales dollars. The following transactions and events occurred. 2013 16-Nov sold 50 grinders for $2, 500 30-Nov Recognize warranty expense related to November sales with an adjusting entry. 12-Dec Replaced six grinders that were returned under the warranty. 18-Dec sold 200 grinders for $10,000 cash. 28-Dec Replaced 17 grinders that were returned under the warranty 31-Dec Recognize warranty expense related to December sales with an adjusting entry. 2014 7-jan sold 40 grinders for $2,000 each 21-Jan Replaced 36 grinders that were returned under the warranty. 31-Jan Recognize warranty expense related to January sales with an adjusting entry. Prepare the journal entries for the transactions listed above