Question: View Policies Current Attempt in Progress Teal AG sells DVD players. The corporation also offers its customers a 4-year warranty contract. Early in 2022,

View Policies Current Attempt in Progress Teal AG sells DVD players. The corporation also offers its customers a 4-year warranty contract. Early in 2022, Teal sold 19,200 warranty contracts at 99 each. The company spent 172,800 servicing warranties during 2022. (a) Prepare Teal's journal entry for the sale of contracts. Assume the service costs are inventory costs. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

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