11 Pre-homework quI2 Quiz: Chapter (ungraded) Time Remaining: 02:50:09 Subm 1 of

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11 Pre-homework quI2 Quiz: Chapter (ungraded) Time Remaining: 02:50:09 Subm 1 of 4 (0 complete) This Quiz: 4 pts p This Question: 1 pt In the past, Made from Clay's warranty expense has been 6% of sales. During 2016, Made from Clay made sales of $125,000 and paid S9.000 t satisfy warranty claims. Requirements 1. Journalize Made from Clay's warranty expense and warranty payments during 2016. Explanations are not required. Requirement 1. Journalize Made from Clay's warranty expense and warranty payments during 2016. Explanations are not required. (Record de first, then credits. Exclude explanations from journal entries.) Journalize the warranty expense Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search

Explanation / Answer

Journal Entries

date

explanation

debit

credit

31-Dec

warranty expense

7500

estimated warranty payable

7500

31-Dec

estimated warranty payable

9000

cash

9000

Journal Entries

date

explanation

debit

credit

31-Dec

warranty expense

7500

estimated warranty payable

7500

31-Dec

estimated warranty payable

9000

cash

9000

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