The following transactions of Jasmine Reef occurred during 2016 (Click the icon to view the transactions.) Requirements 1. Journalize required transactions, if any, in Reol's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0? (Record debits first, then credits. Exclude explanations from joumal entries For transactions that do not require an entry, make sure to enter "No entry required in the first cell in the "Accounts column and leave all other cells blank. Check your spelling carefully and do not abbreviate.) Requirement 1. Journalize required transactions, if any, in Reef's general journal. Explanations are not required. Apr 30: Reef is party to a patent infringement lawsuit of $250,000. Reefs attorney is certain it is remote that Reef will lose this lawsuit. Date Accounts and Explanation Debit Credit Apr. 30 Jun 30: Estimated warranty expense at 4% of sales of $440,000. Date Accounts and Explanation Debit Credit Jun 30 Jul . 28: Warranty claims paid in the amount of $6.200. Date Accounts and Explanation Jul 28 Debit Credit Sep 30: Reef is party to a lawsuit for copyright violation of $140,000. Reef's attorney advises that it is probable Reef will lose this lawsuit. The attomey estimates the loss at $140,000 Date Accounts and Explanation Credit Sop: 30 Debit Choose from any list or enter any number in the input fields and then continue to the next question. Dec 31: Reef estimates warranty expense on sales for the second half of the year of $530,000 at 4% Date Accounts and Explanation Debit Credit Dec 31 Requirement 2. What is the balance in Estimated Warranty Payable? Use the T-account to determine the ending balance for the Estimated Warranty Payable account. Use a "Bal" posting reference to show the ending balance of the account Estimated Warranty Payable Requirement 2. What is the balance in Estimated Warranty Payable? Use the T-account to determine the ending balance for the Estimated Warranty Payable account. Use a "Bal" posting reference to show the ending balance of the account Estimated Warranty Payable in cro ed * More Info N Apr. 30 Jun. 30 Jul. 28 Sep. 30 Reef is party to a patent infringement lawsuit of $250,000. Reef's attorney is certain it is remote that Reef will lose this lawsuit Estimated warranty expense at 4% of sales of $440,000, Warranty claims paid in the amount of $6,200. Reef is party to a lawsuit for copyright violation of $140,000. Reef's attorney advises that it is probable Reef will lose this lawsuit. The attorney estimates the loss at $140,000. Reef estimates warranty expense on sales for the second half of the year of $530,000 at 4% he Dec. 31 rnl ar Print Done