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Take me to the text Chan-Nee Enterprises sells heavy-duty lawnmower equipment. On May 18, 2019, they sold a lawnmower (on account) for $41,000 which included

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Take me to the text Chan-Nee Enterprises sells heavy-duty lawnmower equipment. On May 18, 2019, they sold a lawnmower (on account) for $41,000 which included a 4-year unlimited warranty. The corporation's accountant estimates that $6,300 will be paid out in warranty obligations. The cost of goods sold is $20,500. Assume Chan-Nee uses a perpetual inventory system. Prepare the journal entries relating to these transactions Do not enter dollar signs or commas in the input boxes. Date Account Title and Explanation Debit Credit May 18 . To record the sale of the lawnmower May 18 To record cost of goods sold May 18 To accrue for estimated warranty costs Check

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