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pls answer (a) Your answer is correct Prepare 2020 entries for Crow. Assume that Crow estimates the total cost of servicing the warranties in the
pls answer (a) Your answer is correct Prepare 2020 entries for Crow. Assume that Crow estimates the total cost of servicing the warranties in the second year will be $35,000. (If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not inderit manually. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit Sale Cash 3000000 Sales Revenue 3000000 ring 2020 Warranty Expense 20000 Cash Supplies Wages Payable 20000 31.2020 Warranty Expense 35000 Warranty Day 35000 (b) Prepare 2020 entries for Crow assuming that the warranties are not an integral part of the sale a service-type warranty). Assume that of the sales total, $56,000 relates to sales of warranty contracts Warranty costs incurred in 2020 were $20.000. Estimate revenues to be recognized on a straight-line basis. (If no entry is required, select "No Entry for the account cities and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not Indent manually. Round intermediate calculations to 5 decimal places, eg 1.54657 answers to decimet ploces eg 5.125. Record joumal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record warranty revenue
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