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The accounting records of Claytown Ceramics included the following at January 1, 2018: (Click the...

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Accounting

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The accounting records of Claytown Ceramics included the following at January 1, 2018: (Click the icon to view the data.) In the past, Claytown's warranty expense has been 6% of sales. During 2018, Claytown made sales of $141,000 and paid $6,000 to satisfy warranty claims. Read the requirements. Requirement 1. Journalize Claytown's warranty expense and warranty payments during 2018. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Journalize the warranty expense. Date Accounts Debit Credit i Requirements 1. Journalize Claytown's warranty expense and warranty payments during 2018. Explanations are not required. 2. What balance of Estimated Warranty Payable will Claytown report on its balance sheet at December 31, 2018? i Data Table Print Done Estimated Warranty Payable 2.000 Beg. Bal. Print Done

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