13 Required Information {The following information applies to the questions displayed below! 7.72 points Skipped In this Applying Excel exercise you will practice using basic formulas to calculate and record Warranty Expense for the year Watch the tutorial video and then complete Parts 1 and 2 to practice and apply the skills demonstrated in the video. eBook Print References Revise your worksheet based on these new assumptions and then answer the questions that follow Number of units sold Estimated units needing warranty Estimated warranty cost per unit Portion of units fixed is current year Alternatives Portion of units fixed in current year 31,00 4% 3 160 ex 203 Required: 1. What are the revised amount of estimated warranty units and future warranty costs? Required: 1. What are the revised amount of estimated warranty units and future warranty costs? Units Future Warranty Costs ces 2. Prepare the journal entry to record the warranty expense. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 1 2 Prepare the year and adjusting entry for estimated warranty costs, assuming all associated costs will occur in the future. Note Enter debits before credits Transnation General Journal Debit Credit Recordstry Chaar enty Viewed journal Required: 1. What are the revised amount of estimated warranty units and future warranty costs? Unte Pure Ww Cost 2. Prepare the journal entry to record the warranty expense of no entry is required for a transaction event, select "No Journal Entry Required in the first account field.) Views Journal entry worksheet Brer the year and get formated warranty cost, > A D