The accounting records of From the Earth Ceramics included the following at January 1, 2024: (Click the icon to view the data.) In the past, From the Earth's warranty expense has been 6% of sales. During 2024, From the Earth made sales of $171,000 and paid $9,000 to satisfy warranty claims. Read the requirements. Requirement 1. Journalize From the Earth's warranty expense and warranty payments during 2024. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Journalize the warranty expense. Date Accounts Debit Credit
The accounting records of From the Earth Ceramics included the following at January 1, 2024: (Click the icon to view the data.) In the past, From the Earth's warranty expense has been 6% of sales. During 2024, From the Earth made sales of $171,000 and paid $9,000 to satisfy warranty claims. Read the requirements. Requirement 1. Journalize From the Earth's warranty expense and warranty payments during 2024. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Journalize the warranty expense. Date Accounts Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:The accounting records of From the Earth Ceramics included the following at January 1, 2024:
(Click the icon to view the data.)
In the past, From the Earth's warranty expense has been 6% of sales. During 2024, From the Earth made sales of $171,000 and paid $9,000 to satisfy warranty claims.
Read the requirements.
Requirement 1. Journalize From the Earth's warranty expense and warranty payments during 2024. Explanations are not required. (Record debits first, then credits. Exclude
explanations from journal entries.)
Journalize the warranty expense.
Date
Accounts
Debit
Credit
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