Your answer is correct. What liability relative to these transactions would appear on the December 31, 2017, balance sheet and how would it be classified? Blue Corporation Balance Sheet (Partial) December 31, 2017 Current Liabilities Warranty Liability 64436 Long-term Liabilities Aharraniy lialiliiy 64436 Your answer is partially correct. Try again. In 2018, the actual warranty costs to Blue Corporation were $23,230 for parts and $37,010 for labor. Record any necessary journal entry in 2018. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Warranty Liability Debit Credit 60240 Inventory 23230 Salaries and Wages Payable 37010 Click if you would like to Show Work for this question: Qpen Show Work