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The following transactions of Sandy Cruz occurred during 2018: Requirements 1. Journalize required transactions, if any, in Cruz's general journal. Explanations are not required. 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0? Requirement 1. Journalize required transactions, if any, in Cruz's general journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. For transactions that do not require an entry, make sure to select "No entry required" in the first cell in the "Accounts" column and leave all other cells blank.) Apr. 30: Cruz is party to a patent infringement lawsuit of $ 170,000. Cruz's attorney is certain it is remote that Cruz will lose this lawsuit. Date Accounts Debit Credit Apr. 30 Jun. 30: Estimated warranty expense at 4% of sales of $ 360,000. Date Accounts Debit Credit Jun. 30 Jul. 28: Warranty claims paid in the amount of $ 6,500. Date Accounts Debit Credit Jul. 28 Sep. 30: Cruz is party to a lawsuit for copyright violation of $ 130,000. Cruz's attorney advises that it is probable Cruz will lose this lawsuit. The attorney estimates the loss at $ 130,000. Date Accounts Debit Credit Sep. 30 Dec. 31: Cruz estimated warranty expense on sales for the second half of the year of $ 520,000 at 4%. Date Accounts Debit Credit Dec. 31 Requirement 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0? Use the T-account to determine the ending balance for the Estimated Warranty Payable account. Use a "Bal." posting reference to show the ending balance of the account. Estimated Warranty Payable Choose from any list or enter any number in the input fields and then continue to the next question.

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