The following information is available for a retail store for the month of February: Wahlbeg Computers sells computers for $2,500 each on account. On February 1, Wahlberg sold 20 computers. The cost of each computer sold was $1, 000. The store uses the perpetual inventory system. It is estimated that the warranty expense is 5% of gross sales. A journal entry is prepared on February 1. During February, Wahlberg replaced two computers due to product warranty complaints for products purchased in a prior month. A customer fell in the store and is seeking $100, 000 in damages. Wahlberg's attorney believes the case is frivolous because the customer has similar lawsuits pending against other retail stores. A customer is suing Wahlberg Computers for $100, 000 because the customer's computer purchased from Wahlberg Computers started on fire and destroyed the computer's residence. Wahlberg's attorney believes the customer will probably win the case and receive $100, 000. Required: Prepare the journal entries to record the transactions above. Omit explanations