On September 2, Bentley Inc. began to buy and resell hockey sticks for $47 each. Bentley Inc. uses the perpetual method to account for inventories. The hockey sticks are covered under a warranty that requires the company to replace any defective hockey stick within 90 days. When a hockey stick is returned the company simply throws it away and mails a new one from inventory to the customer. The company's cost for a new hockey stick is only $14. The manufacturer has advised the company to expect warranty costs to equal 20% of the units sold. Record the following transactions in the journal provided. Record transaction letters as descriptions. Enter the dates in the format dd/mmm (ie. 15/Jan). General Journal Account/Explanation Page Gj1 Credit Date F Debit a. September 5: 200 hockey sticks were sold for cash. b. September 30: Recognized warranty expense for September with an adjusting entry. C. October 4 : Replaced 19 hockey sticks that were returned under the warranty. d. October 7: Sold 200 hockey sticks for cash. e. October 23: Replaced 21 hockey sticks that were returned under the warranty f. October 31: The warranty expense for the month of October was recognized with an adjusting entry