Help please!

Saved Help Save & Exit Submit Check my work Problem 11-4A Warranty expense and liability estimation LO P4 (The following information applies to the questions displayed below) On October 29, 2016, Lobo Co. began operations by purchasing razors for resale. Lobo uses the perpetual inventory method. The razors have a 90-day warranty that requires the company to deplace any nonworking razor. When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The company's cost per new razor is $15 and its retail selling price is $70 in both 2016 and 2017. The manufacturer has advised the company to expect warranty costs to equal 6% of dollar sales. The following transactions and events occurred. 2016 Nov. 11 Sold 70 razors for $4,900 cash. 30 Recognized warranty expense related to November sales with an adjusting entry. Dec. 9 Replaced 14 razors that were returned under the warranty 16 Sold 210 razors for $14,700 cash. 29 Replaced 28 razors that were returned under the warranty. 31 Recognized warranty expense related to December sales with an adjusting entry. 2017 Jan. 5 Sold 140 razors for $9,800 cash. 17 Replaced 33 razors that were returned under the warranty. 31 Recognized warranty expense related to January sales with an adjusting entry. Problem 11-4A Part 1 Required information 2 1 Nov 11 4,900 Cash Sales 4,900 2 Nov 11 Cost of goods sold Merchandise inventory Nov 30 Warranty expense Estimated warranty liability Dec 09 Estimated warranty liability Merchandise inventory 5 Dec 16 Cash Sales Dec 16 Cost of goods sold Merchandise inventory Brow 2 3 4 5 Next > Check my work Required information Merchandise inventory 7 Dec 29 Estimated warranty liability Merchandise inventory Dec 31 Warranty expense Estimated warranty liability 1.2 Prepare journal entries to record above transactions and adjustments for 2017, View transaction list View journal entry worksheet Pray ? Check my work Required information 1.2 Prepare journal entries to record above transactions and adjustments for 2017 of 5 View transaction list View journal entry worksheet No Date Jan 06 General Journal Debit Credit Cash Sales 9,800 9,800 Jan 05 Cost of goods sold Merchandise inventory Jan 17 Estimated warranty liability Merchandise inventory Jan 31 Warranty expense- Estimated warranty liability