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McDermitt Industries completed the following transactions during 2018: i (Click the icon to view the transactions.) Journalize the transactions. Explanations are not required. Round to
McDermitt 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 $26,000. McDermitt 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 McDermitt expected to pay its employees a 4% bonus on net income after deducting the bonus. Net income for the year is $60,000. Dec
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