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1. Journalize Earth and Clay's warranty expense and warranty payments during 2018. Explanations are not required. 2. What balance of Estimated Warranty Payable will Earth
1. Journalize Earth and Clay's warranty expense and warranty payments during 2018. Explanations are not required. 2. What balance of Estimated Warranty Payable will Earth and Clay report on its balance sheet at December 31, 2018? Print Done The accounting records of Earth and Clay Ceramics included the following at January 1, 2018 (Click the icon to view the data) In the past, Eorth and Clay's warranty expenso has been 6% of sales. During 2018, Earth and Clay made salon of $116,000 and paid $6,500 to satisfy warranty claims, Read the reguiremonts Requirement 1. Journalize Earth and Clays warranty expense and warranty payments during 2018. Explanations are not required (Record debits first, then credits: Exclude explanations from journal entries.) Journalize the warranty expense. Dato Accounts Debit Credit Data Table Estimated Warranty Payable 3,000 Bog, Bal Journalize the warranty payments. Accounts Date Print Debit Dond Credit Choose from any list or enter any number in the input fields and then continue to the next question u The accounting records of Earth and Clay Ceramics included the following at January 1, 2018: Click the icon to view the data.) In the past, Earth and Clay's warranty expense has been 6% of sales. During 2018, Earth and Clay made sales of $116,000 and paid $6,500 to satisfy warranty claims. Read the requirements. Journalize the warranty payments. Date Accounts Debit Credit Requirement 2. What balance of Estimated Warranty Payable will Earth and Clay report on its balance sheet at December 31, 2018? Use the T-account to determine the ending balance for the Estimated Warranty Payable account. Use an "End. Bal." posting reference to show the ending balance of the account. The beginning balance (Beg. Bal.) has been entered for you. Estimated Warranty Payable 3,000 Beg Bal Choose from any list or enter any number in the input fields and then continue to the next
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