Journalize the following transactions: Dec. 31 $\quad$The accrued product warranty expense for the year is estimated to be $1.5 \%$ of
$\quad$$\quad$$\quad$ sales. Sales for the year totaled $\$ 7,760,000$.
31 $\quad$The accrued vacation pay for the year is estimated to be $\$ 46,000$.
31 $\quad$Paid Reliable Insurance Co. $\$ 85,000$ as fund trustee for the pension plan. The annual
$\quad$$\quad$pension cost is $\$ 109,000$.

Question

Journalize the following transactions: Dec. 31 $\quad$The accrued product warranty expense for the year is estimated to be $1.5 \%$ of
$\quad$$\quad$$\quad$ sales. Sales for the year totaled $\$ 7,760,000$.
31 $\quad$The accrued vacation pay for the year is estimated to be $\$ 46,000$.
31 $\quad$Paid Reliable Insurance Co. $\$ 85,000$ as fund trustee for the pension plan. The annual 
$\quad$$\quad$pension cost is $\$ 109,000$.

Quizplus · Accepted Answer

The Answer of Journalize the following transactions: Dec. 31 $\quad$The accrued product warranty expense for the year is estimated to be $1.5 \%$ of
$\quad$$\quad$$\quad$ sales. Sales for the year totaled $\$ 7,760,000$.
31 $\quad$The accrued vacation pay for the year is estimated to be $\$ 46,000$.
31 $\quad$Paid Reliable Insurance Co. $\$ 85,000$ as fund trustee for the pension plan. The annual 
$\quad$$\quad$pension cost is $\$ 109,000$.

Journalize the Following Transactions: Dec \quad The Accrued Product Warranty Expense for the Year Is Estimated

Journalize the Following Transactions: Dec $\quad$ The Accrued Product Warranty Expense for the Year Is Estimated