Manuel transmission sells transmissions with a 1 year warranty in 09The company sold 1,ooo manual transmissions with sales totaling 400,000. They estimate that the product warranty is 5% of sales. in 2010 a customers transmission was repaired under warranty repair required 80.00on parts and 60.00 of labor.prepare adjusting entry to accrue the product warranty liability at 12/31/09 and prepare and entry to record the warranty repair work performed in early 2010.