The accounting records of Earthtone Ceramics showed a balance of $9,000 in Estimated warranty payable at December 31, 2017. In the past, Earthtone Ceramics' warranty expense has been 5.5 percent of sales. During 2018, Earthtone Ceramics made sales of $368,000 on account and paid $5,000 to satisfy warranty claims. Read the requirements Requirement 1. Journalize Earthtone Ceramics' sales, warranty expense, and cash payments made to satisfy warranty claims during 2018. Explanations are not required. Ignore cost of goods sold. (Record debits first, then credits. Exclude explanations from any journal entries.) Journalize Earthtone Ceramics' sales. Ignore cost of goods sold Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer. Requirements 1 1. Journalize Earthtone Ceramics' sales, warranty expense, and cash payments made to satisfy warranty claims during 2018. Explanations are not required. Ignore cost of goods sold 2. What balance of Estimated warranty payable will Earthtone Ceramics report on its balance sheet at December 31, 2018? What amount of warranty expense will Earthtone Ceramics report on its income statement for the year ended December 31, 2018? Print Done