Apr. 30 Jun. 30 Jul. 28 Sep. 30 Dec. 31 Cruz is party to a patent infringement lawsuit of $240,000. Cruz's attorney is certain it is remote that Cruz will lose this lawsuit. Estimated warranty expense at 2% of sales of $440,000. Warranty claims paid in the amount of $6,200. Cruz is party to a lawsuit for copyright violation of $130,000. Cruz's attorney advises that it is probable Cruz will lose this lawsuit. The attorney estimates the loss at $130,000. Cruz estimated warranty expense on sales for the second half of the year of $550,000 at 2%. The following transactions of Sandy Cruz occurred during 2018: (Click the icon to view the transactions.) Requirements 1. 2. Journalize required transactions, if any, in Cruz's general journal. Explanations are not required. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0? Apr. 30: Cruz is party to a patent infringement lawsuit of $240,000. Cruz's attorney is certain it is remote that Cruz will lose this lawsuit. Date Apr. 30 Accounts Debit Credit Jun. 30: Estimated warranty expense at 2% of sales of $440,000. Date Jun. 30 Accounts Debit Credit Jul. 28: Warranty claims paid in the amount of $6,200. Date Jul. 281 Accounts Debit Credit Sep. 30: Cruz is party to a lawsuit for copyright violation of $130,000. Cruz's attorney advises that it is probable Cruz will lose this lawsuit. The attorney estimates the loss at $130,000. Date Sep. 30 Accounts Debit Credit Dec. 31: Cruz estimated warranty expense on sales for the second half of the year of $550,000 at 2%. Date Dec. 31 Accounts Debit Credit Requirement 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $07 Use the T-account to determine the ending balance for the Estimated Warranty Payable account. Use a "Bal." posting reference to show the ending balance of the account Estimated Warranty Payable