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The following three transactions were extracted from Bright waShES Ltd for the month ended 30 April ZDZD. Ignore goods and services tax {GET}. Bright 1|u'v'ashes

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The following three transactions were extracted from Bright waShES Ltd for the month ended 30 April ZDZD. Ignore goods and services tax {GET}. Bright 1|u'v'ashes Ltd provides a oneyear labour and parts warranty with every washing machine sold. At the start of April 202D. the company had a provision of 515.000 to cover warranty claims. During the month. $8,201] was paid out for repairs of washing machines under warranty. The -a roll and a roll deductions of Elri htWashes Ltd for the month oprril are as follows: Gross Wages 811.9130 PAYG Tax Instalments 2.8130 Superannuation Contributions 950 Medical Insurance 320 REQUIRED: a. Prepare the necessary general journal entries {narrations are notreguireo'} to record the above 3 2 transactions in the general journal of Bright 1|.itiashes Ltd. with specific attention to : 1. The payment of the warranty claims. 2. The April payroll and payroll deductions. a. . Describe the difference between a Provision and a Contingent Liability

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