Randy Machine Tools sells an industrial lawn mower and offers a two-year warranty to its

customers. The company sold 480 units of the lawn mower at an average price of $1,200 per unit

in 2016. The company estimated that warranty costs would average $105 per lawn mower over

two years. Actual costs incurred by Randy to honour warranty claims in 2016 totalled $28,000

($17,000 for labor, $10,000 for parts and the rest cash).

a. Prepare all journal entries in 2016.

ANSWER ASAP