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We are hired as consultants to assist Arctica Co. In accounting for its warranty expenses. Arctica offers a one-year warranty covering parts on each snowmobile it sells. The following Tableau Dashboard is provided to assist us Estimated Warranty Expense vs. Actual Warranty Claims $25,000 $20,000 Actual Warranty Claims Estimated Warranty Expense $15,000 $10,000 $5,000 50 4 Years Ago 3 Years Ago 2 Years Ago 1 Year Ago Estimated Warranty Expense Percentage by Model Current Year Sales by Model 4 Years Ago 3 Years Ago 2 Years Ago 1 Year Ago Estimated Warranty Expense Percentage by Model Current Year Sales by Model 896 Puma Jag Lynx tableau 1. How much total estimated warranty expense does Arctica report for the current year? 2. Record the adjusting entry at year-end of the current year to recognize warranty expense 3. A customer brings in a snowmobile for warranty repairs on January 15 of the following year and the replacement parts cost $70 Record the journal entry for this repair Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much total estimated warranty expense does Arctica report for the current year? Total estimated warranty expense Required 2 > +ableau 1. How much total estimated warranty expense does Arctica report for the current year? 2. Record the adjusting entry at year-end of the current year to recognize warranty expense. 3. A customer brings in a snowmobile for warranty repairs on January 15 of the following year and the re Record the journal entry for this repair. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record the adjusting entry at year-end of the current year to recognize warranty expense. View transaction list Journal entry worksheet Record the estimated warranty expense. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal iew transaction list Journal entry worksheet Estimated Warranty Expense vs. Actual Warranty Claims: Actual Warranty claims - Estimated Warranty Expense: 1 years ago $17,660 1 Yeas ago $ 14,800 2 years ago $21,660 2 years ago $18,560 3 years ago $13,070 3 years ago $11,120 4 years ago 12,122 4 years ago $11,839 Estimated Warranty Expense Percentage by Model Lynx 4% Puma 7% Jag 6% Current Year Sales by Model Lynx $80,000 Puma $60,000 Jag $105,000 We are hired as consultants to assist Arctica Co. In accounting for its warranty expenses. Arctica offers a one-year warranty covering parts on each snowmobile it sells. The following Tableau Dashboard is provided to assist us Estimated Warranty Expense vs. Actual Warranty Claims $25,000 $20,000 Actual Warranty Claims Estimated Warranty Expense $15,000 $10,000 $5,000 50 4 Years Ago 3 Years Ago 2 Years Ago 1 Year Ago Estimated Warranty Expense Percentage by Model Current Year Sales by Model 4 Years Ago 3 Years Ago 2 Years Ago 1 Year Ago Estimated Warranty Expense Percentage by Model Current Year Sales by Model 896 Puma Jag Lynx tableau 1. How much total estimated warranty expense does Arctica report for the current year? 2. Record the adjusting entry at year-end of the current year to recognize warranty expense 3. A customer brings in a snowmobile for warranty repairs on January 15 of the following year and the replacement parts cost $70 Record the journal entry for this repair Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much total estimated warranty expense does Arctica report for the current year? Total estimated warranty expense Required 2 > +ableau 1. How much total estimated warranty expense does Arctica report for the current year? 2. Record the adjusting entry at year-end of the current year to recognize warranty expense. 3. A customer brings in a snowmobile for warranty repairs on January 15 of the following year and the re Record the journal entry for this repair. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record the adjusting entry at year-end of the current year to recognize warranty expense. View transaction list Journal entry worksheet Record the estimated warranty expense. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal iew transaction list Journal entry worksheet Estimated Warranty Expense vs. Actual Warranty Claims: Actual Warranty claims - Estimated Warranty Expense: 1 years ago $17,660 1 Yeas ago $ 14,800 2 years ago $21,660 2 years ago $18,560 3 years ago $13,070 3 years ago $11,120 4 years ago 12,122 4 years ago $11,839 Estimated Warranty Expense Percentage by Model Lynx 4% Puma 7% Jag 6% Current Year Sales by Model Lynx $80,000 Puma $60,000 Jag $105,000

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