Please help explain how to get this!! Need journal entries for both of these things. I saw a few people answer similar questions but they put things in the journal entries that are not options in the homework. Here are the options of what you can pick from to put in the journal entries:

• No journal entry required
• Accounts payable
• Cash
• Income taxes payable
• Interest expense
• Interest payable
• Interest revenue
• Liability for withholding taxes
• Note payable
• Payroll tax expense
• Property taxes payable
• Purchases
• Rent revenue
• Savings account
• Service revenue
• Wage expense
• Wages payable
• Warranty expense
• Warranty payable

Sellers Computer is a leader in the computer industry with over $59 billion in sales each year. A recent annual report for Sellers contained the following note: Warranty We record warranty liabilities at the time of sale for the estimated costs that may be incurred under our limited warranty. Factors that affect our warranty liability include the number of installed units currently under warranty, historical and anticipated rates of warranty claims on those units, and cost per claim to satisfy our warranty obligation. Required: 1. Assume that estimated warranty costs for the current year are $500.7 million and that $419.7 million of warranty work was performed during the year. Provide the journal entries required to recognize warranty expense and the warranty services provided during the year. Assume that all warranty services were paid for with cash. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollar not in millions (i.e., 1,000,000 not 1.0).) Record warranty liability. Record entry for warranty work performed