dpter 8/Appendix F Graded 03/21/21 5:45 PM Homework Save Score: 0 of 2 pts 4 of 7 (2 complete) HW Score: 26.67%, 4 of 15 pts E8-15A (similar to) Question Help The accounting records of Dee's Appliances included the following balances at the end of the period: Accrued Warranty Payable Sales Revenue Warranty Expense Beg bal 3,000 120,000 In the past, Dee's warranty expense has been 9% of sales. During the current period, the business paid $5,000 to satisfy the warranty claims. Read the requirements. Requirement 1. Journalize Dee's warranty expense for the period and the company's cash payments to satisfy warranty claims. Explanations are not required. Start by journalizing the warranty expense. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit Warranty Expense Accrued Warranty Payable Accrued Warranty Payable Cash Choose from any list or enter any number in the input fields and then click Check Answer. parts 5 remaining Clear All Check Answer 4 of 7 (2 complete) HW Score: 26.67%, 4 of 15 pts E8-15A (similar to) Question Help The accounting records of Dee's Appliances included the following balances at the end of the period: Accrued Warranty Payable Sales Revenue Warranty Expense Beg bal 120,000 In the past, Dee's warranty, expense has been 9% of sales. During the current period, the business paid $5.000 to satisfy the warranty claims Requirements Read the requiren 3,000 warranty claims Requirements Requirement Explanations are 1. Journalize Dee's warranty expense for the period and the company's cash payments to satisfy warranty claims. Explanations are not required. Start by journalizi 2. Show what Dee's will report on its Income statement and balance sheet for this situation at the end of the period. 3. Which data item from requirement 2 will affect the current ratio? Will Dee's Date current ratio increase or decrease due to this item? Entries) Print Done Cash ul? Choose from any list or enter any number in the input fields and then click Check Answer, Check Answer Clear All 5 Pemaining