warranty 1. Company A sold 30000 items at a cost of $25 each. On average 9% are returned under warranty. a) Prepare the journal entry to record the estimated warranty expense for the year. (b)Prepare the journal entry to record the repairs made to 300 machines at the average cost of $17 for parts per unit and $14 in labour returned under warranty cost to repair items under warranty X estimtated warranty units X cost of warranty (a Prepare the journal entry to record the estimated warranty expense for the year. description DR Cr date (b)Prepare the journal entry to record the repairs made to 300 machines at the average cost of, 517 for parts per unit and $14 in labour description DR Cr date Question 3 Upstart Cinemas offers a loyalty program to its customers They get 3 loyalty point for every $ 1 they spend at their locations During the month of June member customer spent $160.000 at their locations around the country Points can be redeemed at 20 point for $1 of credit at their locations a) record the accumulation of points earned by customer during the month date description DR Cr June 30th b) During the month of July, members used up date description july 31th 15.000 points Cr DR QUESTION 4 Company X Sells Company X Sells 3 year extended warrantees to customer as further protection to its customers on each TV sold 70 extra 3 year warrantees to it customer on Jan 1st for $150 each Jan 1st a) record the sale of extra warranty coverage in the book of date description DR Jan 1st Company on Cr b) record the adjustment at the end of the first year to update the books of the company assuming that no claims were made on the extra warranty date description DR Cr 31-Dec