The accounting records of Carmine's Appliances included the following balances at the end of the period: Accrued Warranty Payable Sales Revenue Beg bal 5,500 118,000 Warranty Expense In the past, Carmine's warranty expense has been 9% of sales. During the current period, the business paid $6,500 to satisfy the warranty claims. Read the requirements Requirement 1. Journalize Carmine's warranty expense for the period and the company's cash payments to satisfy warranty claims. Explanations are not required. Start by journalizing the warranty expense. (Record debits first, then credits. Exclude explanations from journal entries.) Date Journal Entry Accounts Debit Credit