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Help Se Hardin Widget Manufacturing began operations in January 2021. Hardin sells widgets that carry a two-year manufacturer's warranty against defects in workmanship. Hardin's management projects that 2% of the widgets will require repair during the first year of the warranty while approximately 6% will require repair during the second year of the warranty. The widgets sell for $500 each. The average cost to repair a widget is $60. The company sells 70% of the widgets to retail customers who must pay a 6% sales tax Sales and warranty information for 2021 and 2022 are as follows: 2021: Sold 100 widgets on account; incurred warranty expenditures of $200 for widget repairs 2022: Sold 200 widgets on account, actual payments for warranty expenditures were $400 Required: 1. Prepare Journal entries that summarize the sales and any aspects of the warranty for 2021 2. Prepare journal entries that summarize the sales and any aspects of the warranty for 2022 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries that summarize the sales and any aspects of the warranty for 2021. (IF no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for summarize the sales for 2021. Note: Enter debits before credits Debit Credit Transaction General Journal Help Seva SER Jo Hardin Widget Manufacturing began operations in January 2021 Hardin sells widgets that carry a two-year manufacturer's warrare against defects in workmanship Hardin's management projects that 2% of the widgets will require repait during the first year of the warranty while approximately 6% will require repair during the second year of the warranty The widgets sell to 3500 eich The average cost to repair a widget is $60. The company sells 70% of the widgets to retail customers who must pay 65 sales taxes and warranty information for 2021 and 2022 are as follows 2021: Sold 100 widgets on account, incurred warranty expenditures of $200 for widget repairs 2022: Sold 200 widgets on account, actual payments for warranty expenditures were $400 Required: 1. Prepare journal entries that summarize the sales and any aspects of the warranty for 2021 2. Prepare journal entries that summarize the sales and any aspects of the warranty for 2022 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries that summarize the sales and any aspects of the warranty for 2022. (If no entry is required for transaction/event, select "No journal entry required in the first account held.) View transaction list Journal entry worksheet Record the entry for summarize the sales for 2022. Note: Enter detits before credits Deba Credit General Journal Transaction Next >