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CT-21 ( S ) The accounting records of Off the Whool Ceramics included the following at January 1, 2018 (Click the loon to view the

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CT-21 ( S ) The accounting records of Off the Whool Ceramics included the following at January 1, 2018 (Click the loon to view the data.) In the past. Of the Wheel's warranty expense has been 5% of sales. During 2018. Of the Wheel made sales of $159,000 and paid $6,500 to satisfy warranty claims. Read the girements Requirement 1. Journalize Off the Wheel's warranty expense and warranty payments during 2018. Explanations are not required. (Record debit first, then credits Exclude explanations from journal entries.) Journalize the warranty expense Date Debit Credit ed the following at January 1, 2018: % of sales. During 2018, Off the Wheel made sales of $159,000 Data Table inse and Estimated Warranty Payable 4,000 Beg. Bal. Print Print Done Done ncluded the following at January 1, 2018: een 5% of sales. During 2018, Off the Wheel made sales of $159,000 and paid $6,500 to Requirements 1. Journalize Off the Wheel's warranty expense and warranty payments during 2018. Explanations are not required. 2. What balance of Estimated Warranty Payable will off the Wheel report on its balance sheet at December 31, 2018? Print Done

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