Requirement 1. Joumalize required transactions, if any, in Cruz's general journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from joumal entries. For transactions that do not require an entry, make sure to select "No entry required" in the first cell in the "Accounts" column and leave all other celis blank.) Apr. 30; Cruz is party to a patent infringement lawsuit of $240,000. Cruz's attomey is certain it is remote that Cruz will lose this lawsuit. Jun. 30: Estimated warranty expense at 3% of sales of $450,000. Jul, 28: Warranty claims paid in the amount of $6,300. Sep. 30: Cruz is party to a lawsuit for copyright violation of $100,000. Cruz's attornoy advises that it is probable Cruz will lose this lawsuit. The attorney estimates the loss at $100,000. The following transactions of Sandy Cruz occurred during 2024: (Click the icon to view the transactions.) Requirements 1. Journalize required transactions, if any, in Cruz's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of \$0? More info d debits first, se this lawsuit Jul. 28: Warranty claims paid in the amount of $6,300. Sep. 30: Cruz is party to a lawsuit for copyright violation of $100,000. Cruz's attomey advises that it is probable Cruz will lose this lawsuit. The attomey estimatos the loss at $100,000. Dec. 31: Cruz estimated warranty expense on sales for the second half of the year of $540,000 at 3%. Requirement 2. What is the balance in Essimated Warranty Payable assuming a beginning balance of 50 ? Use the T-account to determine the ending balance for the Estimated Warranty Payable account. Use a "Bal" posting reference to show the ending balance of the account