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McNamara Industries completed the following transactions during 2024: (Click the icon to view the transactions.) Journalize the transactions. Explanations are not required. Round to the
McNamara Industries completed the following transactions during 2024: (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 $12,000. McNamara estimates that warranty expense is 6% of sales. (Record only the warranty expense.) Date: Nov. 1 Accounts Debit Credit More info Nov. 1 Nov. 20 Dec. 31 Dec. 31 Made sales of $12,000. McNamara estimates that warranty expense is 6% of sales. (Record only the warranty expense.) Paid $200 to satisfy warranty claims. Estimated vacation benefits expense to be $2,500. McNamara expected to pay its employees a 5% bonus on net income after deducting the bonus. Net income for the year is $64,000. Print Done - - X
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