ore: 1 of 4 pts 4 of 5 (4 complete) HW Scor EF11-22 (similar to) AcFarlane Industries completed the following transactions during 2024: 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 $49.000. McFarlane estimates that warranty expense is 3% of sales. (Record only the warranty expense.) Date Accounts Debit Credit Nov. 1 1.470 More Info X Warranty Expense Estimated Warranty Payable 1,470 Nov. 1 Nov. 20: Paid $500 to satisfy warranty claims. Nov. 20 Made sales of $49,000. McFarlane estimates that warranty expense is 3% of sales. (Record only the warranty expense.) Paid $500 to satisfy warranty claims. Estimated vacation benefits expense to be $3.500. McFarlane expected to pay its employees a 6% bonus on net income after deducting the bonus. Net income for the year is $48,000. Date Dec. 31 Accounts Debit Credit Dec. 31 Nov. 20 Estimated Warranty Payable Cash Print Done Choose from any list or enter any number in the input fields and then click Check Answer 2 parts remaining Clear All Choci