This Question: 1 p 5 of 5 (0 complete) This Test 5 pls possible ABC Catering, Inc. purchased a computer for $3,400, debiting Computer Equipment. During 2016 and 2017. ABC Catering, Inc. recorded total depreciation of $2,500 on the computer. On January 1, 2018, ABC Catering, Inc. traded in the computer for a new one, paying $3,300 cash. The fair market value of the new computer is $4.900. Joumalize ABC Catering, Inc.'s exchange of computers. Assume the exchange had commercial substance. Let's begin by calculating the gain or loss on the exchange of computer equipment on January 1. Market value of assets received Less Book value of asset exchanged Cash paid Gain or (Loss) Journalze ABC Catering. Ine s exchange of computers. (Record a single compound journal entry Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Debit Credit Dale Accounts and Explanation erece trom any lo the input felds and then entrus to the neid 35 or This Question 1 of 3 (0 complete) This Test: s pls possibl The following transactions of Shane Bigelow occurred during 2018: li (Click the icon to view the transactions.) Requirements 1. Journalize required transactions, if any, in Bigelow's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0? Requirement 1. Journalize required transactions, if any, in Bigelow's general journal. Explanations are not required. (Record debits first, then credits Exclude explanations from joumal entries. For transactions that do not require an entry, make sure to select "No entry required in the first cell in the "Accounts column and leave all other cells blank.) Apr. 30: Bigelow is party to a patent infringement lawsuit of $220,000 Bigelow's attorney is certain it is remote that Bigelow will lose this lawsuit Date Accounts Debit Credit ADD 30 Jun 30: Estimated warranty expense at 2. of sales of $400.000. Accounts Credit ganes se from any list or enter any ember in the input fields and then connue to the next cuestion This question ipl 1 of 3 (0 complete) This Test is pls possit The following transactions of Shane Bigelow occurred during 2018: 1 (Click the foon to view the transactions.) Requirements 1. Joumalize required transactions, if any, in Bigelow's general journal. Explanations are not required. 2 What is the balance in Estimated Warranty Payable assuming a beginning balance of $0? Jun 30: Estimated warranty expense at 2% of sales of $400,000. Date Accounts Debit Credit Jun. 30 Jut: 28: Warranty claims paid in the amount of $8 200 Date Accounts Debit Credit Sep 30. Bigelow 5 earty to a lawsuit for copyright violation of S180.000. Sigelow's 3 torney advises that it is probaste Bigelow will lose this lawsuit The torney estimates the loss 180.000 E 1:293330 Stery in the ingut telds and then continue to the next question This Question 1 of 3 (0 complete) This Test: 3 pls possible The following transactions of Shane Bigelow occurred during 2018: Click the icon to view the transactions.) Requirements 1. Joumalize required transactions, if any, in Bigelow's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0? Sep 30: Bigelow is party to a lawsuit for copyright violation of $160,000. Bigelow's attorney advises that it is probable Bigelow will lose this lawsuit The attorney estimates the loss at $160,000. Date Accounts Debit Credit Sep 30 Deo 31 Bigelow estimated warranty expense on sales for the second half of the year of $520,000 at 2%. Date Accounts Cred Requirement 2. What is the balance in Estimated Warranty Payable assuming a begian ng balance of 503 Choose from any Sonny number in the input feas and then continue to the next question The following transactions of Shane Bigelow occurred during 2018: (Click the icon to view the transactions.) Requirements 1. Journalize required transactions, if any, in Bigelow's general journal. Explanations are not required. 2 What is the balance in Estimated Warranty Payable assuming a beginning balance of $0? Dec 31: Bigelow estimated warranty expense on sales for the second half of the year of $520,000 at 2%. Date Accounts Debit Credit Requirement 2 What is the balance in Estimated Warranty Payable assuming a beginning balance of So? 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 Chers from any ser enter any sumber in the needless than cerise next ques: on. rii More Info Apr. 30 Jun. 30 Bigelow is party to a patent infringement lawsuit of $220.000. Bigelow's attorney is certain it is remote that Bigelow will lose this lawsuit Estimated warranty expense at 2% of sales of $400.000. Warranty claims paid in the amount of 56,200. Bigelow is party to a lawsuit for copyright violation of $160.000. Bigelow's attorney zdvises that it is probable Bigelow will lose this lawsuit. The attorney estimates the loss Jul. 28 Sep. 30 Bigelow estimated warranty expense on sales for the second half of the year of Dec. 31 Done Fenter any number in the input felds and then continue to the next