P11-28A (similar to) Question Help The following transactions of Percy Bowes occurred during 2018: Click the icon to view the transactions.) Requirements 1. Journalize required transactions, if any, in Bowes's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0? i More Info x quired. (Record debits first, then credits. Exclude y required" in the first cell in the "Accounts" column that Bowes will lose this lawsuit. Apr. 30 Jun 30 Jul. 28 Sep. 30 Bowes is party to a patent infringement lawsuit of $170,000. Bowes's attorney is certain it is remote that Bowes will lose this lawsuit. Estimated warranty expense at 3% of sales of $450,000. Warranty claims paid in the amount of $5,700. Bowes is party to a lawsuit for copyright violation of $110,000. Bowes's attorney advises that it is probable Bowes will lose this lawsuit. The attorney estimates the loss at $110,000 Bowes estimated warranty expense on sales for the second half of the year of $470.000 at 3%. Dec. 31 Print Done