Varranty Costs Chart of Accounts General Journal Instructions Dynamo Corporation manufactures toasters Each toaster comes with a 5-year assurance-type warranty. The toasters sell for s50 each. During Year 1, Dynamo sells 500 toasters, for cash. Past experience shows that the average warranty costs are $6 each or $3,00 for these toasters, In Year 1. Dynamo pays $500 cash for warranty costs on the toasters sold that year Required: Prepare Dynamo's journal entries related to the sales and warranty in Year