On October $29,$ Lobo Company began operations by purchasing razors for resale. The razors have a $90-$day warranty. When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The company's cost per new razor is $$14$ and its retail selling price is $$90.$ The company expects warranty costs to equal $7\%$ of dollar sales. The following transactions occurred.

November $11$ Sold $80$ razors for $$7,200$ cash.

November $30$ Recognized warranty expense related to November sales with an adjusting entry.

December $9$ Replaced $16$ razors that were returned under the warranty.

December $16$ Sold $240$ razors for $$21,600$ cash.

December $29$ Replaced $32$ razors that were returned under the warranty.

December $31$ Recognized warranty expense related to December sales with an adjusting entry.

January $5$ Sold $160$ razors for $$14,400$ cash.

January $17$ Replaced $37$ razors that were returned under the warranty.

January $31$ Recognized warranty expense related to January sales with an adjusting entry

Below is listed journal entries to completes. $12$ in total.

$1$Record the sales revenue of $80$ razors for $$7,200$ cash.

$2$Record the cost of goods sold for $80$ razors.

$3$Record the estimated warranty expense at $7\%$ of November sales.

$4$Record the replacement of $16$ razors that were returned under the warranty.

$5$Record the sales revenue of $240$ razors for $$21,600$ cash.

$6$Record the cost of goods sold for $240$ razors.

$7$Record the replacement of $32$ razors that were returned under the warranty.

$8$Record the estimated warranty expense at $7\%$ of December sales.

$9$Record the sales revenue of $160$ razors for $$14,400$ cash.

$10$Record the cost of goods sold for $160$ razors.

$11$Record the replacement of $37$ razors that were returned under the warranty.

$12$Record the adjusting entry for warranty expense for the month of January.