Question 25 Not yet saved Marked out of Version 1 On 30 June 2020, Harris Ltd's warranty provision account before the end-of- period adjustment has a credit balance of $3,000. The estimated cost of serving outstanding (unexpired) warranties was $18,000 on 30 June 2020. 2.00 P Flag question On 28 February 2021, Harris Ltd replaced goods under warranty at a cost of $5,500 using goods from its own inventory. Required: a) Prepare a journal entry at the year end 30 June 2020 to record the end-of-period adjustment to the Warranty Provision account. (1 mark) b) Prepare a journal entry to record the warranty claims on 28 February 2021. (1 mark) Narrations are not required. 1 A BU I FI iii III ? O b) Date Account Titles Debit Credit