View Policies Current Attempt in Progress Culver Corporation sells computers under a 2-year warranty contract that requires the corporation to replace defective parts and to provide the necessary repair labor. During 2020, the corporation sells for cash 375 computers at a unit price of $2,300. On the basis of past experience, the 2-year warranty costs are estimated to be $159 for parts and $189 for labor per unit. (For simplicity, assume that all sales occurred on December 31, 2020.) The warranty is not sold separately from the computer. (a) Record any necessary journal entries in 2020. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts (b) Your answer is partially correct. What liability relative to these transactions would appear on the December 31, 2020, balance sheet and how would it be classified? Pearl Corporation Balance Sheet (Partial) December 31, 2020 LA $ e Textbook and Media List of Accounts Save for Later Attempts: unlimited Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above