5. MUST SHOW ALL WORK

REQUIRED: Journalize the following transactions:

MAY. 31	The product warranty expense for the month is estimated to be 3% of sales totaled $3,660,000.
31	The accrued vacation pay for the month is estimated to be $5,000.
31	Paid Assured Insurance Co. $105,000 as the fund trustee for our pension plan. The annual pension cost is $120,000.

PLEASE SHOW ALL OF YOUR WORK