Question 6 (5 marks) Please note that Part A and Part B are not related. Part A (2 Marks) At 30 June 2017, Lennox Ltd estimated from past experience that the cost of serving outstanding warranties would be $260 000. Assume that the warranty provision account has a zero existing balance. On 12 December 2017, Lennox Ltd replaced goods under warranty at a cost of $3 500using goods from its own inventory Ye place A! Required: 1) Prepare a journal entry on 30 June 2017 to record the end-of-period adjustment to the Warranty Provision accounty (1 Mark) 2) Prepare a journal entry to record the warranty claims on 12 December 2017. (1 Mark)