Carpenter Inc. estimates warranty expense at 3% of sales. Sales during the year were $15 million and warranty expenditures were $52,000. What was the balance in the Warranty Liability account at the end of the year? Multiple Cholce $398,000 $450,000 $52,000. $413,000. On November 1, Vacation Destinations borrows S1.56 million and issues a six-month, 9% note payable. Interest is payable at maturity. Record the issuance of the note and the appropriate adjusting entry for interest expense at December 31, the end of the reporting period. (f no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Do not round intermediate calculations. Enter your answers in dollars, not in millions. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 2 Record the issuance of the notes. Note: Enter debits before credits Date General Journal Debit Credit Nov 01 Record entry Clear entry View general journal On November 1. Vacation Destinations borrows $156 million and issues a six-month, 9% note payable. Interest is payable at maturity. Record the issuance of the note and the appropriate adjusting entry for interest expense at December 31, the end of the reporting period. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Enter your answers in dollars, not in millions. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet Record the adjusting for interest Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 View general journal Clear entry Record ent