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begin{tabular}{ll} hline Apr. 30 & Nelson is party to a patent infringement lawsuit of $200,000. Nelson's attorney is certain it is remote that Nelson will
\begin{tabular}{ll} \hline Apr. 30 & Nelson is party to a patent infringement lawsuit of $200,000. Nelson's attorney is certain it is remote that Nelson will lose this lawsuit. \\ Jun. 30 & Estimated warranty expense at 3% of sales of $410,000. \\ Jul. 28 & Warranty claims paid in the amount of $6,400. Nelson is party to a lawsuit for copyright violation of $100,000. Nelson's attorney advises that it is probable Nelson will lose this lawsuit. The attorney estimates the loss at $100,000. \\ Dec. 31 & Nelson estimated warranty expense on sales for the second half of the year of $550,000 at 3% \\ \hline \end{tabular} The following transecticris of Halley Nelson occurred curing 2018: iClick the icon to view the transactions.) Requirements 1. Joumaize required iransactions, if any, in Nelson's general joumal Explanations are not required. 2. What is the botunce in Estimated Warranty Payable assuming a beginning balance of 50? Requirement 1. Journalize required transactions, if any, in Nelson's general journal. Explanations are not required. (Record debits first, Unen cred ts. Exelude axplanasions from journal enties, for transactions that do not recuire an entry, make sure to select "No entry required" in the first cell in the "Accounts" column and leave all other colls blark.) Apr. 30: Nelson is party to a pasent infringement lawsut of $200,000. Nelson's attomey is certain it is temote that Nelson will lose this inwsut
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