20 - Chapter 7 Exercise... USC - Undergraduate Transf... International Business.... M Chapter 7 Exercises (St... Exercises (Static) 5oved ! Required information Exercise 8-15A Record warranties over two years (L08-5) (The following information applies to the questions displayed below.) Lindy Appliance begins operations in 2021 and offers a one-year warranty on all products sold. Total appliance sales in 2021 are $1,600,000, and Lindy estimates future warranty costs in 2022 to be 2% of current sales. Actual warranty costs in 2022 are $25,000. Also in 2022, Lindy has additional sales of $2,400,000 and revises its estimate of warranty costs associated with sales in 2022 to be 1.5%. 0 Exercise 8-15A Parts 1, 2 & 3 Required: 1.-3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet