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QUESTION 6 - 15 POINTS Shredder, Inc. (Sl) sells eight used cars during the month of December 2021 for $42,000 each. SI offers a warranty

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QUESTION 6 - 15 POINTS Shredder, Inc. ("Sl") sells eight used cars during the month of December 2021 for $42,000 each. SI offers a warranty on each vehicle that it sells. Si estimates that its warranty costs will be 7% of the total sales price of each vehicle. Aside from the December 2021 sales, no other sales occurred during 2021. On February 24, 2022, a customer brought in their vehicle for warranty repairs and Si paid a mechanic $830. REQUIRED: Prepare any journal entries on 12/31/21 and 2/24/22

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