Question 4 of 10 View Police Current Attempt in Progress Computerworesells computers.computer accessories, and software Onits.computer sales, the company provides a one month warnt that included in the cost of the computer Claims under the warranties vary from replacing defective items to providing customers with retuds if they choose. During 2020, the estimated costs related to the one month warranties wat 538.500 of which $54,400 had been incurred before year and ($281 400 for replacement items and 56.000 refundal For anotional charge of 5100. Computers Galore o ofers extended warranty coverage for two years on es computers. This amount is pected to cover the cost ocated with the extended warranties. During 2020, Computers Galore sold 600 two year warranties. The costs incurred during the year for replacements under these warrant amounted to $31.000 Based on experience the company estimates that total warranty costs over the two-year coverage period will be 567.000 with itpects will occu everly over the warranty period 1) Prepare journal entries to record the warranty tractions for 2070 interdebat telefotowed by credit entries Credit cent lities are timatically indented when the amount Dore indiet may not required to try for the account in the amounts) No. Account and explanation Debit Credit (to record estimated cost related to month warranties) (To record cost incurred related to 1 month warranties) 3 To record sale of 2 year coded warranties) Question 4 of 10 3 /11 CONTRA les and enter for the amounts: BESTE No Account and explanation 1 Debit Credit to record estimated cost rested to 1 month watan) 2 To record cost incurred related to 1 month wards) 3 (To record sale of 2 year extended Warrantes) 4. II (To record cost incurred related to 2 year extended warranties 5 (To record service revenue) e Textbook and Media List of Accounts Attempts of used Sve for