Estes Industries completed the following transactions during 2025: 

Journalize the transactions. Explanations are not required. Round to the nearest dollar.

Transcribed Image Text:

Nov. 1 20 Dec. 31 31 Made sales of $8,000. Estes Industries estimates that warranty expense is 4% of sales. (Record only the warranty expense.) Paid $100 to satisfy warranty claims. Estimated vacation benefits expense to be $1,200. Estes Industries expected to pay its employees a 2% bonus on net income after deducting the bonus. Net income for the year before the bonus calculation is $20,000.