E11-21 (similar to) The accounting records of Sculpted Ceramics included the following at January 1, 2016 Estimated Warranty Payable 5,000 Beg Bal In the past, Sculpted's warranty expense has been 5% of sales. During 2016, Sculpted made sales of $125,000 and paid 54,000 to sati Requirements 1. Journalize Sculpted's warranty expense and warranty payments during 2016 Explanations are not required 2. What balance of Estimated Warranty Payable wil soupled report on balance sheet at December 31, 2016? m urale Requirement 1. Journaltze Sculpted's warranty expense and warranty payments during 2016 Explanations are not required (Record debts first, then credits Exclude explanation Journal the warranty expense Date Accounts and Explanation Debit Credit Choose from any stor enter any number in the input selts and then click Chock Answer 2 farming Type here to search