The accounting records of Jim​'s Appliances included the following balances at the end of the​ period: Accrued Warranty Payable Sales Revenue Warranty Expense Beg bal 5,500 120,000 In the​ past, Jim​'s warranty expense has been 8% of sales. During the current period​, the business paid $5,000 to satisfy the warranty claims. Read the requirements Requirement
Journalize Jim​'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

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)