what are the journal entries?

B Ltd. sells only one product, and it is sold with a basic warranty. Management estimates that
warranty costs will average about 2% of sales dollars for this product. Sales in 2010 were
$1,000,000 and payments to service the product under warranty were $24,000 cash. Sales in 2011
were $1,200,000 and payments to service the product under warranty were $34,500 cash. The
balance in the warranty payable/liability account as at December 31, 2009 was $16,000 credit.
1.Prepare journal entries to record warranty expense and warranty payments in 2010. Omit
narratives. Please do not abbreviate account names -- show in proper form.
2.Prepare journal entries to record warranty expense and warranty payments in 2011. Omit
narratives. How much is the balance in the warranty payable/liability account as at December 31,
2011? Please do not abbreviate account names -- show in proper form.