structions Chart of Accounts General Journal Balance Sheet Instructions 1, 2016, Pereira Corporation has sold, on account, 1,500 Wiglows to Mendez Company at $450 each Mendez also purchased a 1-year service-type warranty on all the Wiglows for $12 per unit. In 2016. Pereira incurred warranty costs of $9,000 Costs for 2017 were $6,000 Required: 1. Prepare the journal entries for the preceding transactions 2. Show how Pereira would report the items on the December 31, 2016, balance sheet