The accounting records of Audio - Video Inc included the following balances before the year end out (Click the icon to view the data) w the past, Audio - Video's warranty expense has been 6% of sales During the current period, the business paid 50,400 to satirly the waranty Choms of customers Required Record Audio - Video's warranty expense for the period and the company's cash payments to satisfy warranty claims Explanations are not required Show everything Audio - Video will report on its income statement and balance sheet for this situation Which data om from Requirement 2 will affect Audio - Video's current ratio? Will Audio - Video's current ratio increase or decrease in scent of this item 1 Data Table X Requirement 1. Record Audio - Video's warranty expense for the period Begin by recording the warranty expense. General Journal Accounts Date Debl Warranty Expense Estimated Warranty Payable Beg bal 8 000 Sales Revenue 150 000 Print Done