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The accounting records of Earthtone Ceramics showed a balance of $1,000 in Estimated warranty payable at December 31,2017 . In the past, Earthtone Ceramics' wartanty expense has been 5.5 percent of soles. During 2018, Earthtone Ceramics mode sales of $233,000 on account and paid $10.000 to satisfy warranty daims. Read the requirements Requirement 1. Journalize Earthtone Ceramics' sales, warranty expense, and cash payments made to satisfy warranty claims during 20 ta. Explanations are not required. Ignore cost of goods sold. (Rocord dabats first, then credits. Excludo explanations from any joumal entries.) Joumalizo Earthtone Ceramics' sales. Ignore cost of goods sold. 1. Journalize Earthtone Ceramics' sales, warranty expense, and cash payments made to satisfy warranty claims during 2018. Explanations are not required. Ignore cost of goods sold. 2. What balance of Estimated warranty payable will Earthtone Ceramics report on its balance sheet at December 31, 2018? What amount of warranty expense will Earthtone Ceramics report on its income statement for the year ended December 31,2018? The accounting records of Earthtone Ceramics showed a balance of $1,000 in Estimated warranty payable at December 31,2017 . In the past, Earthtone Ceramics' wartanty expense has been 5.5 percent of soles. During 2018, Earthtone Ceramics mode sales of $233,000 on account and paid $10.000 to satisfy warranty daims. Read the requirements Requirement 1. Journalize Earthtone Ceramics' sales, warranty expense, and cash payments made to satisfy warranty claims during 20 ta. Explanations are not required. Ignore cost of goods sold. (Rocord dabats first, then credits. Excludo explanations from any joumal entries.) Joumalizo Earthtone Ceramics' sales. Ignore cost of goods sold. 1. Journalize Earthtone Ceramics' sales, warranty expense, and cash payments made to satisfy warranty claims during 2018. Explanations are not required. Ignore cost of goods sold. 2. What balance of Estimated warranty payable will Earthtone Ceramics report on its balance sheet at December 31, 2018? What amount of warranty expense will Earthtone Ceramics report on its income statement for the year ended December 31,2018

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