Waterway Company sold 196 color laser copiers on July 10, 2017, for $3,670 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $319. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31,2017.Actual warranty costs (inventory) incurred in 2017 were$17,370. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jul. 10,2017 Cash 719,320 Sales Revenue 719,320 Dec. 31,2017 Warranty Expense 62324 Warranty Liability 62,524 Dec. 31. 2017v Warranty Liability 17,370 Inventory 17,370