The accounting records of Claytown Ceramics included the following at January 1, 2024: (Click the icon to view the data.) In the past, Claytown's warranty expense has been 5% of sales. During 2024, Claytown made sales of $177,000 and paid $8,000 to satisfy warranty claims. Read the requirements. Warranty Expense Date Estimated Warranty Payable Journalize the warranty payments. Accounts 8,850 Debit 8,850 Credit

The accounting records of Claytown Ceramics included the following at January 1, 2024: (Click the icon to view the data.) In the past, Claytown's warranty expense has been 5% of sales. During 2024 , Claytown made sales of $177,000 and paid $8,000 to satisfy warranty claims. Read the requirements. Journalize the warranty piyments. Data table Requirements 1. Journalize Claytown's warranty expense and warranty payments during 2024. Explanations are not required. 2. What balance of Estimated Warranty Payable will Claytown rehurt on its balance sheet at December 31,2024