Revise your worksheet based on these new assumptions and then answer the questions that follow.

Number of units sold

Estimated units needing warranty

Estimated warranty cost per unit

Portion of units fixed in current year

Alternative:

Portion of units fixed in current year

$43,000$

$4\%$

$0\%$

$30\%$

Required:

What are the revised amount of estimated warranty units and future warranty costs?

Units

Future Warranty Costs

$2.$ Prepare the journal entry to record the warranty expense. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

Prepare the year$-$end adjusting entry for estimated warranty costs, assuming all associated costs will occur in the future.

Prey

$2$ of $2$