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Current Attempt in Progress Coronado Company sells automatic can openers under a 75-day warranty for defective merchandise. Based on past experience, Coronado estimates that 4% of the units sold will become defective during the warranty period. Management estimates that the average cost of replacing or repairing a defective unit is $25. The units sold and units defective that occurred during the last 2 months of 2022 are as follows. Month Units Sold Units Defective Prior to December 31 November 792 39,600 41.600 December 520 (a) Prepare the journal entry to record the costs incurred in honoring 1.312 warranty claims. (Assume actual costs of $32.800) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation esc eTextbook and Media Assistance Used Textbook List of Accounts Save for Later Attempts: 0 of 5 used Submit Awer (b) Prepare the journal entry to record the warranty liability at December 31 for the units sold in November and December. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit MacBook Air ww F4 00 DI 14 4 m 44 FIL Question 7 of 12 -/4 I (d Give the entry to record the honoring of 500 warranty contracts in January at an average cost of $25. (Credit account files are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Assistance Used eTextbook and Media List of Accounts Sa MacBook Air d 40 Attempts of Sused Sub A Pil 18 at s

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