Accrued Warranty Payable Beg bal 5,500 Sales Revenue 100,000 Warranty Expense In the past, Claytown's warranty expense has been 6% of sales. During the current period, the business paid $4,000 to satisfy the warranty claims. Read the fequirements. Requirement 1. Journalize Claytown's warranty expense for the period and the company's cash payments to satisfy warranty claims. Explanations are not required. Start by journalizing the warranty expense. (Record debits first, then credits. Exclude explanations from iournal entries.) Next

In the past, Claytown's warranty expense has been 6% of sales, During the current period, the business paid $4,000 to satisty the warranty claims. Read the Requirement 1. Joumalize Claytown's warranty expense for the period and the company's cash payments to satisfy warranty ctaims Explanations are not required. Start bv iournalizing the warrantv expense. (Record debis first. then credits. Exclude explanations from ioumal entnies. )