The following information applies to the questions displayed below. on october 29, 2014, Lue Co. began operations by purchasing razors for resale. Lue uses the perpetual inventory method. The razors have a 90-day warranty that requires the company to replace any nonworking razor When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The company's cost per new razor is $14 and its retail selling price is $80 in both 2014 and 2015. The manufacturer has advised the company to expect warranty costs to equal 9% of dollar sales. The following transactions and events occurred. 2014 Nov. 11 Sold 60 razors for $4,800 cash. 30 Recognized warranty expense related to November sales with an adjusting entry. Dec. 9 Replaced 12 razors that were returned under the warranty. 16 Sold 180 razors for $14,400 cash, 29 Replaced 24 razors that were returned under the warranty 31 Recognized warranty expense related to December sales with an adjusting entry. 2015 Jan. 5 Sold 120 razors for $9.600 cash. 17 Replaced 29 razors that were returned under the warranty. 31 Recognized warranty expense related to January sales with an adusting entry. 10.00 points 1. Prepare to record above transactions and adjustments for 2014 and 2015 (omit the "s" your response.) General Joumal 2014 click to select)