McCoy Industries completed the following transactions during 2018: (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 $42,000. McCoy estimates that warranty expense is 5% of sales (Record only the warranty expense.) Date Accounts Debit Credit Nov. 1 Nov. 20: Paid $1,400 to satisfy warranty claims Date Accounts Debit Credit Nov. 20 Dec. 31: Estimated vacation benefits expense to be $2,500. Date Accounts Dec. 31 Debit Credit Dec 31: McCoy expected to pay its employees a 6% bonus on net income after deducting the bonus. Net income for the year is $60,000. (Round to the nearest whole dollar.) Date Accounts Debit Credi Dec. 31 a More Info Nov. 1 Made sales of $42,000. McCoy estimates that warranty expense is 5% of sales (Record only the warranty expense.) 20 Paid $1,400 to satisfy warranty claims. 31 Estimated vacation benefits expense to be $2,500. 31 McCoy expected to pay its employees a 6% bonus on net income after deducting the bonus. Net income for the year is $60,000. Dec Print Done