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Score: 0 of 1 pt 4 of 6 (0 co P11-28A (similar to) The following transactions of Shane Bigelow occurred during 2016: (Click the icon
Score: 0 of 1 pt 4 of 6 (0 co P11-28A (similar to) The following transactions of Shane Bigelow occurred during 2016: (Click the icon to view the transactions.) Requirements 1. Journalize required transactions, if any, in Bigelow's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0? Requirement 1. Journalize required transactions, if any, in Bigelow's general journal. Explanations are not required. (Record debits first, then credits. "Accounts" column and leave all other cells blank.) Apr. 30: Bigelow is party to a patent infringement lawsuit of $190,000. Bigelow's attorney is certain it is remote that Bigelow will lose this lawsuit. Date Accounts and Explanation Debit Credit Apr. 30 More Info Apr. 30 Jun 30 Jul. 28 Sep. 30 Bigelow is party to a patent infringement lawsuit of $190,000. Bigelow's attorney is certain it is remote that Bigelow will lose this lawsuit. Estimated warranty expense at 2% of sales of $360,000. Warranty claims paid in the amount of $5,700. Bigelow is party to a lawsuit for copyright violation of $70,000. Bigelow's attorney advises that it is probable Bigelow will lose this lawsuit. The attorney estimates the loss at $70,000 Bigelow estimates warranty expense on sales for the second half of the year of $510,000 at 2% Dec. 31 Print Done 5 parts Clea
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