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problem 23(want text answer only). Early in 2017, Nash Equipment Company sold 400 Rollomatics during 2017 at $6,100 each. During 2017, Nash spent $19,000 servicing

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problem 23(want text answer only). Early in 2017, Nash Equipment Company sold 400 Rollomatics during 2017 at $6,100 each. During 2017, Nash spent $19,000 servicing the 2-year warranties that accompany the Rollomatic. All applicable transactions are on a cash basis. Prepare 2017 entries for Nash. Assume that Nash estimates the total cost of servicing the warranties will be $50,000 for 2 years

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