Emperor Pool Services provides pool cleaning and maintenance services to residential clients It offers a one year warranty on all services Review each of the transactions A March 31 Emperor provides cleaning services for 21 pools during the month of March at a sales price per pool of $570 cash Emperor records warranty estimates when sales are recognized and bases warranty estimates on 1 percent of sales B April 5 A customer files a warranty claim that Emperor honors in the amount of $120 cash C April 13 Another customer, J Jones, files a warranty claim that Emperor does not honor due to customer negligence D June 8 J Jones files a lawsuit requesting damages related to the dishonored warranty in the amount of $2,200 Emperor determines that the lawsuit is likely to end in the plaintiff's favor and the $2,200 is a reasonable estimate for damages Prepare any necessary journal entries for each situation If an amount box does not require an entry, leave it blank If no entry is required, select No entry required and leave the amount boxes blank If required, round your answers to two decimal places Emperor Pool Services provides pool cleaning and maintenance services to residential clients It offers a one year warranty on all services Review each of the transactions A March 31 Emperor provides cleaning services for 21 pools during the month of March at a sales price per pool of $570 cash Emperor records warranty estimates when sales are recognized and bases warranty estimates on 1 percent of sales B April 5 A customer files a warranty claim that Emperor honors in the amount of $120 cash C April 13 Another customer, J Jones, files a warranty claim that Emperor does not honor due to customer negligence D June 8 J Jones files a lawsuit requesting damages related to the dishonored warranty in the amount of $2,200 Emperor determines that the lawsuit is likely to end in the plaintiff's favor and the $2,200 is a reasonable estimate for damages Prepare any necessary journal entries for each situation If an amount box does not require an entry, leave it blank If no entry is required, select No entry required and leave the amount boxes blank If required, round your answers to two decimal places Mar 31 Mar 31 Apr 5 II II II II II II II Apr 13 Jun 8

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Emperor Pool Services provides pool cleaning and maintenance services to residential clients. It offers a one-year warranty on all services. Review each of the transactions:

A. March 31: Emperor provides cleaning services for 21 pools during the month of March at a sales price per pool of $570 cash. Emperor records warranty estimates when sales are recognized and bases warranty estimates on 1 percent of sales.

B. April 5: A customer files a warranty claim that Emperor honors in the amount of $120 cash.

C. April 13: Another customer, J. Jones, files a warranty claim that Emperor does not honor due to customer negligence.

D. June 8: J. Jones files a lawsuit requesting damages related to the dishonored warranty in the amount of $2,200. Emperor determines that the lawsuit is likely to end in the plaintiff's favor and the $2,200 is a reasonable estimate for damages.

Prepare any necessary journal entries for each situation. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" and leave the amount boxes blank. If required, round your answers to two decimal places.

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Emperor Pool Services provides pool cleaning and maintenance services to residential clients. It offers a one-year warranty on all services. Review each of the transactions: A. March 31: Emperor provides cleaning services for 21 pools during the month of March at a sales price per pool of $570 cash. Emperor records warranty estimates when sales are recognized and bases warranty estimates on 1 percent of sales. B. April 5: A customer files a warranty claim that Emperor honors in the amount of $120 cash. C. April 13: Another customer, J. Jones, files a warranty claim that Emperor does not honor due to customer negligence. D. June 8: J. Jones files a lawsuit requesting damages related to the dishonored warranty in the amount of $2,200. Emperor determines that the lawsuit is likely to end in the plaintiff's favor and the $2,200 is a reasonable estimate for damages. Prepare any necessary journal entries for each situation. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" and leave the amount boxes blank. If required, round your answers to two decimal places. Mar. 31 Mar. 31 Apr. 5 II II II II II II II Apr. 13 Jun. 8