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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 $9,000. McNamara estimates that warranty expense is 6% of sales. (Record only the warranty expense.) Nov. 20 Paid $500 to satisfy warranty claims. Dec. 31 Estimated vacation benefits expense to be $6,500. Dec. 31 McNamara expected to pay its employees a 4% bonus on net income after deducting the bonus. Net income for the year is $62,000
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