Strand Refrigeration Company introduced a new line of commercial freezers in 20x8 that carry a one-year warranty against manufacturer's defects. Because this was the first product for which the company had offered a warranty, trade publications were consulted to determine the experience of others in the industry. Based on that experience, warranty costs were expected to approximate 1% of sales. Sales of the freezers in 20x8 were $1,800,000. Accordingly, the following entries relating to the contingency for warranty costs were recorded during the first year of selling the product: Warranty expense (1% x $1,800,000) 18.000 Estimated warranty liability 18.000 Estimated warranty liability 7,500 Miscellaneous accounts 7,500 In late 20x9, the company's claims experience was evaluated and it was determined that claims were far more than expected: 2% of sales rather than 1%. Required - (a (b) Assuming sales of the freezers in 20x9 were $2,500,000 and warranty expenditures in 20x9 totaled $60,000 ($22,000 related to 20x8 sales and 38,000 related to 20x9 sales), prepare any journal entries related to the warranty. Assuming sales of the freezers were discontinued after 20x8, and warranty expenditures in 20x9 totaled $22,000, prepare any journal entry(ies) in 20x9 related to the warranty