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Requirement 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0? Use the T-account to determine the ending balance for

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Requirement 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0? 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. Estimated Warranty Payable Choose from any list or enter any number in the input fields and then click Check Answer. ? W P11-33B (similar to) Question Help The following transactions of Sandy Cruz occurred during 2018: (Click the icon to view the transactions.) Requirements 1. Journalize required transactions, if any, in Cruz's 2. What is the balance in Estimated Warranty Payab * More Info from journal entries. For transactions that do not Requirement 1. Journalize required transactions, if any require an entry, make sure to select "No entry required Apr. 30: Cruz is party to a patent infringement lawsuit of Apr. 30 Jun. 30 Date Accounts Jul. 28 Apr. 30 No entry required Cruz is party to a patent infringement lawsuit of $210,000. Cruz's attomey is certain it is remote that Cruz will lose this lawsuit. Estimated warranty expense at 2% of sales of $410,000, Warranty claims paid in the amount of $5,700. Cruz is party to a lawsuit for copyright violation of $120,000. Cruz's attomey advises that it is probable Cruz will lose this lawsuit. The attorney estimates the loss at $120,000. Cruz estimated warranty expense on sales for the second half of the year of $540,000 at 2% Sep. 30 Dec. 31 Print Done Jun. 30: Estimated warranty expense at 2% of sales of Date Accounts Jun. 30 Warranty Expense Estimated Warranty Payable 0,200 8,200 Choose from any list or enter any number in the input fields and then click Check

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