Apr. 30: Percy Manufacturing is party to a patent infringement lawsuit of $150,000. Percy Manufacturing's attorney is certain it is remote that Percy Manufacturing will lose this lawsuit. Date Apr. 30 Warranty Expense Accounts Jun. 30: Estimated warranty expense at 2% of sales of $410,000. Debit Credit

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Apr. 30: Percy Manufacturing is party to a patent infringement lawsuit of $150,000. Percy Manufacturing's attorney is certain it is remote that Percy Manufacturing will lose this lawsuit Date Debit Credit Accounts Apr. 301 Warranty Expense Jun. 30: Estimated warranty expense at 2% of sales of $410,000. Apr. 30: Percy Manufacturing is party to a patent infringement lawsuit of $150,000. Percy Manufacturing's attorney is certain it is remote that Percy Manufacturing will lose this lawsuit Date Debit Credit Accounts Apr. 301 Warranty Expense Jun. 30: Estimated warranty expense at 2% of sales of $410,000.