help please die very soon(clear pics)

Thead the thodestitit More info December 1 Driven sold 19 go-karts on account. The selling price of each go-kart was $1,300; the cost of goods sold for each was $450. December 5 Driven received notice of a class-action lawsuit being filed against it. The lawsuit claims that Driven's go-karts have engine defects that appear after the warranty period expires. The plaintiffs want Driven to replace the defective engines and pay damages for the owners' loss of use. The cost of replacing the engines would be approximately $425,000 (not including any damages). Driven's attorney believes that it is reasonably possible that Driven will lose the case, but the attorney cannot provide a dollar estimate of the potential loss amount. December 20 Driven performed repairs due to product warranty complaints for two go-karts sold earlier in the year. Driven's cost of the repairs, paid in cash, was $700. December 22 An individual claims that he suffered emotional distress from a high-speed ride on a Driven Go-Kart and is seeking $550,000 in damages. Driven's attorney believes the case is frivolous because it does not have any legal merit. December 27 Another customer is suing Driven for $240,000 because a defect in the customer's Driven Go-Kart engine started a fire and destroyed the customer's garage. Driven's attorney believes the customer will probably win the case and receive $240,000. (Use the following account names: Loss from Lawsuit and Accrued Liability from Lawsuit.) December 31 Driven estimates that the warranty expense is 10% of gross sales. Driven's gross sales for the period totaled $770,000. Requirements 1. Prepare the journal entries to record the transactions shown. Omit explanations. 2. Describe how each of the contingent liabilities in the selected December transactions would be treated in Driven's financial statements for 2022. system. Selected transactions in the month of December follow: (1) (Click the icon to viow the transactions.) Fiead the iegritements. Requirement 1. Prepare the journal ectries to record the transactions shown Omit explanations (Record debita frit, then ceedis. Eyplanations ave not requeted For atuations that do not colkmn and leave al other fleifs blank.) Dec 1; Driven sold 19 gotkarts on acceent. The selting prike of esch go-kait was 51,300 ; the cost of goods sold fis each wat $450. Do not record the cost related to the sele. We wat do this in the next jaumal entry system. Selected transactions in the month of December follow: (1) (Click the icon to viow the transactions.) Fiead the iegritements. Requirement 1. Prepare the journal ectries to record the transactions shown Omit explanations (Record debita frit, then ceedis. Eyplanations ave not requeted For atuations that do not colkmn and leave al other fleifs blank.) Dec 1; Driven sold 19 gotkarts on acceent. The selting prike of esch go-kait was 51,300 ; the cost of goods sold fis each wat $450. Do not record the cost related to the sele. We wat do this in the next jaumal entry twen 60-Karts selis motorized go-karts. Oriven Go-Karts are motorized and are typically purchased by amusement parks and other recreation facilities, but are also occasionaty pur ystem, Selected transactions in the month of December follow (1) (Click the icon to vew the transactions.) Read the ceovitements Thow recond the cost 7elaved to the sale abowe. -5. Feded tansadices in the morth of December follow Click the icon ta Vew the Inarisedions.) Solected transactions in the month of Decernber follow Sok the icon lo view the iransactions) Jontnititity Dec 31. Diven eskenates that the watranty expense ts 10% of gross sales. Drtyent gross sales 10th0 penod totared 3770,000 Pecpuin wime