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The accounting records of From the Earth Ceramics included the following at January 1, 2016: Estimated Warranty Payable 2.000 Beg. Bal. In the past, From

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The accounting records of From the Earth Ceramics included the following at January 1, 2016: Estimated Warranty Payable 2.000 Beg. Bal. In the past, From the Earth's warranty expense has been 9% of sales. During 2016, From the Earth made sales of $167,000 and paid $9,000 to satisfy warranty claims. Requirements 1. Journalize From the Earth's warranty expense and warranty payments during 2016. Explanations are not required. 2. What balance of Estimated Warranty Payable will From the Earth report on its balance sheet at December 31, 2016? Requirement 1. Journalize From the Earth'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. Date Accounts and Explanation Debit Credit 2016 Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts remaining

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