The accounting records of Earth and Clay Ceramics included the following at January $1,2016$:

Estimated Warranty Payable

$\backslash$table$[[,4,000$ Beg. Bal.$]]$

In the past, Earth and Clay's warranty expense has been $3\%$ of sales. During $2016,$ Earth and Clay made sales of $$191,000$ and paid $$8,000$ to satisfy warranty claims.

Requirements

Journalize Earth and Clay's warranty expense and warranty payments during $2016.$ Explanations are not required.

What balance of Estimated Warranty Payable will Earth and Clay report on its balance sheet at December $31,2016?$

Requirement $1.$ Journalize Earth and Clay's warranty expense and warranty payments during $2016.$ Explanations are not required. $($Record debits first, then credits. Exclude explanations from journal entries.$)$

Journalize the warranty expense.

$\backslash$table$[[$D$$te$,$Accounts and Explanation,Debit,Credit$],[2016],[,,,],[,,,],[,,,]]$

Journalize the warranty payments.

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[2016],[,2,,],[,,,]]$