McCleary Industries completed the following transactions during 2018:iClick the icon to view the transactions.)Journalize the transactions. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.)Nov. 1: Made sales of $22,000, McCleary estimates that warranty expense is 2% of sales. (Record only the warranty expense.)DateAccountsDebitCreditNov. 1O TimeCourse ChatDELLposition Book80 sheetsJ4 in x 7 1/2 inmm x 190 mmdurad for Staples, Inc More infoplMade sales of $22,000. McCleary estimates that warranty expense is2% of sales. (Record only the warranty expense.)ticfroNov. 1Nov. 20Paid $200 to satisfy warranty claims.CleDec. 31Estimated vacation benefits expense to be $5,000.McCleary expected to pay its employees a 3 bonus on net incomeafter deducting the bonus. Net income for the year is $25,000.colDec. 31PrintDoneCourseDELL

Warranty expenses = $22, 000*2% =$440

Made sales of $22,000. McCleary estimates that warranty expense is 2% of sales. (Record only the warranty expense.) Nov. 1 Nov. 20 Paid $200 to satisfy warranty claims. Dec. 31 Estimated vacation benefits expense to be $5,000. McCleary expected to pay its employees a 3 bonus on net income after deducting the bonus. Net income for the year is $25,000. Dec. 31 Print Done

Made sales of $22,000. McCleary estimates that warranty expense is 2% of sales. (Record only the warranty expense.) Nov. 1 Nov. 20 Paid $200 to satisfy warranty claims. Dec. 31 Estimated vacation benefits expense to be $5,000. McCleary expected to pay its employees a 3 bonus on net income after deducting the bonus. Net income for the year is $25,000. Dec. 31 Print Done

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please provide working also i post this 3rd time
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