Problem 1: Prepare the journal entries to these transactions and adjustments for 2008 & 2009

Recording warranty repairs:

QS- 11-8) On September 11,2008, Lawn Outfitters sell a mower for $750 with a one-year warranty that covers parts. Warranty expense is estimated at 3% of sales. On july 24,2009, the mower is brought in for repairs covered under the warranty requiring $55 in materials taken from the repair parts inventory. Prepare the july 24, 2009, entry to record the warranty repairs.