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McCleary Industries completed the following transactions during 2018: i (Click the icon to view the transactions.) Journalize the transactions. Explanations are not required. Round to
McCleary Industries completed the following transactions during 2018: i (Click the icon to view the transactions.) Journalize the transactions. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Nov. 1: Made sales of $ 16,000. McCleary estimates that warranty expense is 6% of sales. (Record only the warranty expense.) Date Accounts Debit Credit More Info Nov. 1 Nov. Nov. 20: Paid $200 to satisfy warranty claims. 1 Made sales of $16,000. McCleary estimates that warranty expense is 6% of sales. (Record only the warranty expense.) 20 Paid $200 to satisfy warranty claims. 31 Estimated vacation benefits expense to be $2,500. 31 McCleary expected to pay its employees a 2% bonus on net income after deducting the bonus. Net income for the year is $25,000. Dec. Date Accounts Debit Credit Nov. 20 Print Done Dec. 31: Estimated vacation benefits expense to be $2,500. Date Accounts Debit Credit Dec. 31 Dec. 31: McCleary expected to pay its employees a 2% bonus on net income after deducting the bonus. Net income for the year is $25,000. (Round to the nearest whole dollar.) Date Accounts Debit Credit Dec. 31 31: Estimated vacation benefits expense to be $2,500. te Accounts Del 31 Cash net incom Del Employee Bonus Expense 31: McI Employee Bonus Payable te Estimated Warranty Payable Sales Revenue 31 Vacation Benefits Expense Vacation Benefits Payable Warranty Expense
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