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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

image text in transcribedimage text in transcribed 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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