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

Number of units sold		39,000
Estimated units needing warranty		4	%
Estimated warranty cost per unit	$	240
Portion of units fixed in current year		0	%
Alternative:
Portion of units fixed in current year		40	%

Required: 1. 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.) View transaction list Journal entry worksheet Prepare the year-end adjusting entry for estimated warranty costs, assuming all associated costs will occur in the future. Note: Enter debits before credits. Transaction General Journal Debit | Credit Record entry Clear entry View general journal 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.) View transaction list Journal entry worksheet