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Please if anyone can help me i have limited time… thanks

/in /by

Please if anyone can help me i have limited time… thanks

Question #5In the most recent year of operations, Bertha’s Games sold merchandise costing$80,000 for $170,000. All merchandise was sold under a one-year warranty. Atthe time of sale, Bertha estimated that warranty claims would amount to 4% ofsales. During the year, she replaced defective merchandise for $3,000. Alltransactions were cash transactions.i. Prepare journal entries to record all transactions related to the warranty.ii. Based solely on the above information, determine Bertha’s Games operatingincome for the year.
 
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