Show Attempt History Current Attempt in Progress Bridgeport Company sells hot tubs at an average price of $2,200 and also offers to each customer a separate 5-year warranty contract for $210 that requires the company to perform periodic services and to replace defective parts. During 2020, the company sold 600 hot tubs and 420 warranty contracts for cash. It estimates the 5-year warranty costs as $44 for parts and $88 for labor and accounts for warranties separately. Assume sales occurred on December 31, 2020, and straight-line recognition of warranty revenues. occurs. (a) Your answer is correct. Record any necessary journal entries in 2020. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Cash Sales Unearned Warranty Revenue eTextbook and Media List of Accounts Debit 1408200 Credit 1320000 88200 Attempts: 1 of 2 used estion 16 of 26 1.25/5 Attempts: 1 of 2 use b) What liability relative to these transactions would appear on the December 31, 2020, balance sheet and how would it be classified? (c) Current Assets eTextbook and Media List of Accounts Save for Later Bridgeport Company Balance Sheet (Partial) $ Attempts: 0 of 2 used Submit