Prepare the journal entries for the preceding transactions using the modified cash basis method

On September 1, 2013, Carolina Electronics company has 800 Blu-ray players ready for sale. on October 1, 2013, 680 are sold at $105 each with a 1-year warranty. Carolina estimates that the warranty cost on each Blue-Ray player sold will probably average $12 per unit. During the final 3 months of 2013, Carolina incurred warranty costs of 3,290, and in 2014 warranty costs were 4,870