When Park Avenue Pet Shop sells a puppy, it provides a health warranty to $300, Because this is nomally a significant the little critter. If a puppy becomes ill in the first two years after the sale, Park Avenue Pet Shop will pay the vet bill nt corte o d in 2010 would be $2.000 and made thn an e antry lo record that liabiliby On Marct 30. 2011 Ihe store received a $50 vet bill from ane of its customers who had hought a nurew in 2010 Park Avenue Pet Shop wrote a check for $50 to reimburse the puppy's owner. .Enter the transaction into the accounting equation to record the estimated warranty liability at December 31, 2010. Enter the transaction into the accounting equation to record the payment of the vet bill on March 30, 2011. What effect did this payment have on the 2011 financial statements f Park Avenue Pet Shop? abbreviated. (Use parentheses or a minus sign when entering component decreases. Use Enter the transaction into the accounting equation to record the estimated warranty liability at December 31, 2010. Some of the account names will only the necessary input lines.) Shareholders' Equity Contributed Capital Assets Liabilities Retained Earnings S Account Account Account Account March 30, 2011. (Use parentheses or a minus sign when entering component decreases. Use only the necessary input lines.) Enter the transaction into the accounting equation to record the payment of the vet bill Shareholders' Equity Contributed Capital Retained Earnings Assets Liabilities S S Account Account Account Account What effect did this payment have the 2011 financial statements of Park Avenue Pet Shop? The payment on the balance sheet The payment on the income statement. The payment would on the statement cash flows