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What are all appropriate journal entries

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Question - On January 1, 2020, Sandhill Ltd. sold on account 1,200 units of its product for a total price of $571,000 and a cost of $477,000. The products have a one-year assurance-type warranty and Sandhill estimates that the cost will be $26,400. By the company's year-end December 31, 2020, actual warranty costs related to the products sold was $19,200, paid in cash. What are all appropriate journal entries including the sale of merchandise?

Reference no: EM132820971

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