Part 1: Okanagan Refrigeration manufactures and markets commercial refrigeration It was disclosed in notes to the company's financial statements that estimated sold. Assume that in 2020 warranty costs are estimated at $316,000 and that 2021. Required: Prepare journal entry to show the effect on financial statements due to warrar View transaction list Journal entry worksheet 1 2. Record the effect on financial statements due to warranties in 2020. Note: Enter debits before credits. Date General Journal Debit Cro December 31, 2020