prepare journal entries to record the repairs made under warranty and estimated warranty expense for the year

1115 16 17 S. Khan sells Firesticks with a 2-year warranty. Past experience indicates that 5% of the units sold will be returned during the warranty period for repairs. The average cost of repairs under warranty is estimated to be $30 per unit. During 2021, 8,000 Fire Sticks were sold at an average price of $100. During the year, repairs were made on 45 units at a cost of $5,000. Instructions Prepare journal entries to record the repairs made under warranty and estimated warranty expense for the year. General Journal Particulars PR Debits Dat e 2022 Page 5 Credits