please abswer #6 & #7!!

Journal entry worksheet Record the estumated warranty expense at 3% of the sales. Note Inber debs before ctedets. 1. How much warranty expense does the company report for this copier in Year 1 ? 2. How much is the estimated warranty liability for this copier as of December 31 of Year 1 ? 3. How much is the estimated warranty liability for this copier as of December 31 of Year 2 ? 4. Prepare joumal entries to record (a) the copier's sale; (b) the adjustment to recognize the warranty expense on December,31 of Year 1 ; and (c) the repaits that occur on January 5 of Year 2. Complete this question by entering your answers in the tabs below. 1. How much warranty expense does the company report for this copier in Year 1 ? 2. How much is the estimated warranty liability for this copier as of December 31 of Year 1 ? 3. How much is the estimated wacranty liability for this copler as of December as of Year 2 ? Journal entry worksheet Record the sale of a copier for $9,000 cash. Notei fnter debats belore creden. Required information The following information applies to the guestions diployed bolow] Hitru Company sold a copiet (that costs $4.500 ) for $9,000 cosh with a fwo-yeat parts wartanty to a customer on August December 31 . On January 5 of Year 2 , the copier neouires on-site repais that ave complefed the same day. The repairs 1. How muct warranty expense does the company report for this copler in Year 1 ? 2. How much is the estimated wartanty liabilcy for this copier as of Decenber 31 of Year 1? 3. How much is the estimated wareanty lisblity for this copier as of December 31 of Yoar 2 ? vear t and iq the repairs that excur on danusy 5 of Year 2 . Journal entry worksheet During December, Maxum Comparry sole 3,700 units of a preduct that carres a 60 -day warranty, December sales for this product total 5125,000 . The company expects 94 jof the units to need waranty resairs; and it estimates the averape repair cost pur unit wit be 517 . Recour the related adjusting arowaris Eisted below are a few transactions and events of Maxum Company 1. Employecs carn vachtion pay at a fote of one day per month, Maxum estimuted and must expense $6.480 of accrued vacidion benefits for the year. 2. During Decembec, Manum Compacy sold 3700 units of a product that carries a 60 -day warranty. Docember sales for this product wil be $17. Prepare adjusting entries at December at for Maxum Company's yeanend financial stamements for each of the above separate transactions: Journal entry worksheet Record the cost of repairs that occur on January 5 of Year 2 Notex Entier deoits belore credes Journal entry worksheet