As part of their sales for the year, Pane sells car windshields. Included with each windshield purchase is an 18 month warranty. Assume these sales that include the warranties were all made on October 1, 2022.

Windshields sold		20,000
Estimated number of windshields needing warranty work		320
Estimated Warranty Expense (per windshield needing work)		$40

Account Number	Account Title
100	Cash
110	Accounts Receivable
120	Inventory
130	Machinery
135	Accumulated Depreciation - Machinery
140	Equipment Leased to Others
145	Accumulated Depreciation - Equipment Leased to Others
150	Right-of-Use Asset
160	Buildings
165	Accumulated Depreciation - Building
170	Land
180	Patent
190	Goodwill
200	Accounts Payable
210	Salaries Payable
220	Employee Income Tax Withholding Payable
222	Federal Unemployment Tax Payable
224	State Unemployment Tax Payable
226	F.I.C.A. Tax Payable
230	Estimated Warranty Liability
240	Dividends Payable - Common
245	Dividends Payable - Preferred
250	Income Taxes Payable
260	Liability for Compensated Absences
270	Lease Liability
280	Estimated Liability from Lawsuit
300	Common Stock
305	Additional Paid In Capital - Common Stock
310	Preferred Stock
315	Additional Paid In Capital - Preferred Stock
320	Treasury Stock
340	Retained Earnings
400	Sales Revenue
410	Rental Revenue
500	Cost of Goods Sold
510	Depreciation Expense - Machinery
512	Depreciation Expense - Equipment Leased to Others
514	Amortization Expense - Patent
516	Depreciation Expense - Building
520	Loss on Impairment - Goodwill
525	Loss from Litigation
540	Salaries Expense
545	Payroll Tax Expense
550	Warranty Expense
560	Insurance Expense
570	Lease Expense
580	Maintenance Expense
590	Research & Development Expense
599	Income Tax Expense
600	Dividends Declared
700	Income Summary