The expense has been 5 percent of sales. During 2016, Stevens Books made sales of $450,000 on account and paid $5,000 to satisfy warranty claims. Read the a balance of $11,000 in Estimated warranty payable at December 31, 2015. In the past, Requirement 1. Journalize Stevens Books' sales, warranty expense, and cash payments made to satisty warranty claims during 2016. Explanations are not required ignore cost of goods sold. (Record debits first, then credits. Exclude explanations from any journal entries.) Stevens Books' sales. Ignore cost of goods sold. Journal Entry Date Accounts Debit Credit 16500 16500