Hi I need help on what is the answer in this journal entries. Below are the questions and other concerns will be in the comment section. I hope that you can help me and surely I will give you full positive feedbacks

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Richwell Home Appliance Center has estimated from past experience that warranty cost will average P 550.00 per unit and that only 50% of the units sold will be returned for repair. Name Course/ Year/ Se The entity incurs P 260,000.00 for repairs during the year. Date Prepare journal entries for the following using Accrual Approach: 4. Cash Sales. 5. Estimated liability on the warranty. 6. Payment of the actual cost of warranty. P P 5. P P 6. P P COMPUTATION:Instructions: Read and analyze each transaction carefully and provide necessary journal entries. 1. January 1, 2020, Mavis Company purchased Premiums for its customers worth P 500,000.00 2, 65% of the total premiums were distributed to its customers 3. At the end of the year, 35% of the total premiums are outstanding P P 2. P P 3 P P COMPUTATION