Chapter 11, Problem 11.22E

To determine

Warranty: It is an agreement made by the company to provide guarantee against the defects in the products.

Vacation expense: Vacation expense is an estimated expense for the company which the company should pay to the employees as extra salary over the entire year. For example: If an employee works 49 weeks in a year, company should pay 3 weeks’ $\left(\text{52 weeks }–\text{ 49 weeks}\right)$ extra salary as a vacation expense.

Bonus: Bonus is an additional payment given by the employer to their employees with regular wages for their good performance.

To Journalize: Warranty expense for the company during 2018.

To determine

To Journalize: Warranty payments for the company.

To determine

To journalize: Vacation benefit expense.

To determine

To journalize: employee bonus expense.