Pip Lax Ltd manufactures high-quality sports equipment and sells it under a two-year warranty. The company gurantees to replace any defective parts and repair equipment at no cost to its customers. Record the following events of 2009. The company has a calendar reporting year

1. During 2009, Pip Lax Ltd spent $800 000 repairing a certain brand of elite-level lacrosse equipment under warranty. Of this, $360 000 related to equipment sold during 2007; the rest related to equipment sold during 2008 and 2009 2. At year-end, the company estimated repair costs for the outdoor sports equipment it had already sold to be approximately $900 000 in 2010. Of that, $500 000 related to repairs of equipment sold in 2008 and 2009.

record the journal entries for both questions