two different questions

2. The following selected transactions relate to the liabilities of Russell Corporation for December 2023. Russell's fiscal year ends on December 31 . 3. Neison Manufacturing began operations in January 2023. Nelson sells cameras that carry a two-year manufacturer's warranty against defects in workmanship. Nelson's management projects that 2% of the cameras will require repair during the first year of the warranty while approximately 6% will reguire repair during the second year of the warranty. The cameras sell for $800 each. The average cost to repair a camera is $150. The company sells 80% of the cameras to retail customers who must pay a 7% sales tax. Sales and warranty information for 2023 and 2024 are as follows: 2023: Sold 300 cameras on account; incuirred warranty expenditures of $600. 2024: Sold 600 cameras on accounty incurred warranty expenditures of $2,000. INSTRUCTIONS: a. Prepare journal entries that summarize the sales and all aspects of the wamanty for 2023. b. Prepare journal entries that summarize the sales and all aspects of the warranty for 2024