signment 2 Instructions hel Question 4 of 9 Save & Ext suome 10.00 points On December 6, 2017, Norwood Co an office equipment supplier, sold a copier for cash of $18.000 (Cost $12.400) with a two-year parts and labour warranty Based on prior experience. Nonwood expects eventually to our warranty costs equal to the selling price. The fiscal year coincides with the calendar year. On January 20, 2018, the customer returned the oppler for repairs that were completed the same day. The cost of the repairs consisted of $390 for the materials taken from the parts inventory and $530 of labour that was fully paid with cash. These were the only repairs required in 2018 for this copier Required: 1. How much warranty expense should the company report in 2017 for his copier? 2. How much is the warranty ability for this colors of December 31, 2017? 4. How much is the warranty liability for this copier as of December 31, 2018? Warranty liability the repairs that 5. Show me loves that would be made to record in the sale (assume a perpetual inventory system to the adjustment on December 31, 2017, record the warranty expense and occurred in January 2018. Ignore wes taxes View transaction list Journal entry worksheet Record the cash sale of a copier. Note: tereits before credits General Journal Debit Credit View general Journal Record entry Clear entry 5. Show the journal entries that would be made to record(a) the sale assume a perpetual inventory systems (b) the adjustment on December 31, 2017 to record the warranty expense and occurred in January 2018. Ignore sales taxes the repairs that View transaction list Journal entry worksheet Record the cost of the Dec. 6 sale. Note: Enter debts before credits General Journal Debit Credit Clear entry View general journal Record entry 5. Show the journal entries that would be made to record (a) the sale assume a perpetual inventory system Ourred in January 2018 lgnore sales taxes e m ent on December 312017 to record the warranty exp and the rear hat View transaction list Journal entry worksheet