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Kazi Plus sold 1,000 refrigerators during 2020 at a total price of $ 1,620,000, with...

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Kazi Plus sold 1,000 refrigerators during 2020 at a total price of $ 1,620,000, with a warranty guarantee that the product was free from any defects. The cost of the refrigeratetors sold was $ 1,080,000. The term of the assurance warranty is one year, with an estimated cost of $ 10,000. In addition, Kazi Plus sold extended warranties on 600 refrigerators for four years beyond the one-year period for $ 210,000. Instructions Prepare the journal entries to record the sale and related warranties for 2020

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