Answer 6 needed

5. Madison sold 3000 generators at a cost of $500 each. Each generator comes with a 1 year warranty. Madison has estimated that 4.5% of the generators will be defective. They have estimated repairs at $50 per generator. Journalize the sale (8.5% sales tax) and the estimated warranty liability Date Accounts Ref. Debit Credit Accounts Receivable (3,000x500) $1,500,000 Sales Revenue $1,500,000 Date Accounts Ref. Debit Credit Warranty Expense (3,000x4.5%x50) Warranty Payable $6,750 $6,750 ABC 6. Madison honored 10 generators. Record the honoring of the generators Date Accounts Ref. Debit Credit