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Sep. 30: Bigelow is party to a lawsuit for copyright violation of $90,000. Bigelow's attorney advises that it is probable Bigelow will lose this lawsuit

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Sep. 30: Bigelow is party to a lawsuit for copyright violation of $90,000. Bigelow's attorney advises that it is probable Bigelow will lose this lawsuit The attorney estimates the loss at $90,000. 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. More info Jun. 30: Estimated warranty expense at 4% of sales of $380,000. Jul. 28: Warranty claims paid in the amount of $6,100. The following transactions of Shane Bigelow occurred during 2024: (Click the icon to view the transactions.) Requirements 1. Joumalize 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 \$O? Requirement 1. Journalize required transactions, if any, in Bigelow's general joumal. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal 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 cellis blank.) Apr. 30: Bigelow is party to a patent infringement lawsuit of $230,000. Bigelow's attorney is certain it is remote that Bigelow will lose this lawsuit

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