Skysong Factory provides a $2-$year warranty with one of its products which was first sold in $2025.$ Skysong sold $$930,400$ of products subject to the warranty. Skysong expects $$124,050$ of warranty costs over the next $2$ years. In that year, Skysong spent $$70,460$ servicing warranty claims. Prepare Skysong's journal entry to record the sales $($ignore cost of goods sold$)$ and the December $31$ adjusting entry, assuming the expenditures are inventory costs. $($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation$],[$Juring $202,]]$

Debit

$930400$

$($To record payment for warranty costs incurred$)$

$($To record sales$)$

$\frac{12}{31}\frac{?}{25}$

Warranty Expense

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