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Can someone help me journal through Dec.31st requirements 1 and 2 The following transactions of Shane Bigolow occurred during 2024: (1) (Click the icon to
Can someone help me journal through Dec.31st requirements 1 and 2
The following transactions of Shane Bigolow occurred during 2024: (1) (Click the icon to view the transactions.) Roquirements 1. Jeurnalize required transactions, if any, in Bigelow's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Paynble assuming a beginning balance of $0 ? Requirement 1. Journalze required trannactions, if any, in Bigolow's general journat. Explanations are not required. (Rocord dobits first, then credits. Exclude explanations from journal entries. For transactions that do not require an eniry, make sure to select "No entry required" in the frat coll in the "Acoounta" column and ieave all other colls blank.) Apr. 30: Bigolow is party a patent intringoment tawsuit of $220,000. Bigelow's attomey is corthin it is remote that Bigolow will lose this lawsuit. Jun, 30: Estimated warranty expense at 3\% of sales of $450,000. The following transactions of Shane Bigelow occurred during 2024: i) (Click the icon to view the transactions.) Requirements 1. Joumalize required transactions, if any, in Bigelow's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0 ? Jun. 30: Estimated warranty expense at 3% of sales of $450,000. Jul. 28: Warranty claims paid in the amount of $5,600. The following transections of Shane Bigelow occurred during 2024: 1. (Click the icon to view the transections.) Requiroments 1. Joumalize required transactions, if any, in Bigolow's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0 ? Sep. 30: Bigelow is party to a lawnuit for copyright violation of $160,000. Bigolow's attomey advisen that it is probable Bigelow will lose this iawsuit. The attomey estimates the loss at $160,000. Requirements 1. Joumalizo required transactions, if any, in Bigelow's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0 ? Requirement?. What is the balance in Estimnted Warranty Payable assuming a beginning balance of $0 ? 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 accourt. The following transactions of Shane Bigolow occurred during 2024: (1) (Click the icon to view the transactions.) Roquirements 1. Jeurnalize required transactions, if any, in Bigelow's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Paynble assuming a beginning balance of $0 ? Requirement 1. Journalze required trannactions, if any, in Bigolow's general journat. Explanations are not required. (Rocord dobits first, then credits. Exclude explanations from journal entries. For transactions that do not require an eniry, make sure to select "No entry required" in the frat coll in the "Acoounta" column and ieave all other colls blank.) Apr. 30: Bigolow is party a patent intringoment tawsuit of $220,000. Bigelow's attomey is corthin it is remote that Bigolow will lose this lawsuit. Jun, 30: Estimated warranty expense at 3\% of sales of $450,000. The following transactions of Shane Bigelow occurred during 2024: i) (Click the icon to view the transactions.) Requirements 1. Joumalize required transactions, if any, in Bigelow's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0 ? Jun. 30: Estimated warranty expense at 3% of sales of $450,000. Jul. 28: Warranty claims paid in the amount of $5,600. The following transections of Shane Bigelow occurred during 2024: 1. (Click the icon to view the transections.) Requiroments 1. Joumalize required transactions, if any, in Bigolow's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0 ? Sep. 30: Bigelow is party to a lawnuit for copyright violation of $160,000. Bigolow's attomey advisen that it is probable Bigelow will lose this iawsuit. The attomey estimates the loss at $160,000. Requirements 1. Joumalizo required transactions, if any, in Bigelow's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0 ? Requirement?. What is the balance in Estimnted Warranty Payable assuming a beginning balance of $0 ? 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 accourt Step by Step Solution
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