Tableau DA 9-2: Exercise, Warranty expense and liability computations and entries LO P4 We are hired as consultants to assist Arctica Co. in accounting for its wamanty expenses. Arctica offers a one-year warranty covering parts on each snowmobile it sells. The following Tableau Dashboard is provided to assist us $25.000 Estimated Warranty Expense vs. Actual Warranty Claims $30,000 $15.000 110,000 73 3 3 7 7 $1,000 Act Warranty Cla 3 Years Age 2 Years Age Estimated Warranty Expense Percentage by Model Current Year Sales by Model Puma Jag 156 eBook 0% Lynx Puma Jag +ableau Ask Print References 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 $700. Record the journal entry for this repair. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 A customer brings in a snowmobile for warranty repairs on January 15 of the following year and the replacement parts cost $700. Record the journal entry for this repair. View transaction list View journal entry worksheet No Date General Journal 1 Jan 15 Estimated warranty liability Cash Required 2 Required Debit Credit 700 700