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please help Early in 2025 , Oriole Equipment sold 500 Rollomatics at $5,400 each. During 2025 , Oriole spent $22,000 servicing the 2 -year assurance

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Early in 2025 , Oriole Equipment sold 500 Rollomatics at $5,400 each. During 2025 , Oriole spent $22,000 servicing the 2 -year assurance warranties with inventory, cash, and payables that accompany the Rollomatic. All sales transactions are on a cash basis. (a) Prepare 2025 entries for Oriole. Assume that Oriole estimates the total cost of servicing the warranties in the second year will be $37,000. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit (To record the sale and related warranties) (To record payment for warranty costs incurred) (To record revenue recognized on the service-type warranty) Prepare 2025 entries for Oriole assuming that the warranties are not an integral part of the sale (a service-type warranty). Assume that of the sales total, $60,000 relates to sales of warranty contracts. Warranty costs incurred in 2025 were $22,000. Estimate revenues to be recognized on a straight-line basis, (If no entry is required, select "No Entry" for the account titles and enter 0 . for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)

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