McBride Industries completed the following transactions during 2018:
$$\begin{array} { | l | l | }
\hline & \text { Made sales of } \$ 10,000 . \text { McBride estimates that warranty expense is } \
\text { Oct. 1 }&\text { 5\% of sales. (Record only the warranty expense.) }\
\hline \text { Oct. 24 } & \text { Paid } \$ 250 \text { to satisfy warranty claims. } \
\hline \text { Dec. } 31 & \text { Estimated vacation benefits expense to be } \$ 2,350 . \
\hline & \text { McBride expected to pay its employees a } 4 \% \text { bonus on net income } \
\text { Dec. } 31 & \text { after deducting the bonus. Net income for the year is } \$ 25,000 . \
\hline
\end{array}$$ Journalize the transactions (explanations are not required).Round to the nearest dollar.

Question

McBride Industries completed the following transactions during 2018:
 $$\begin{array} { | l | l | } 
\hline  & \text { Made sales of } \$ 10,000 . \text { McBride estimates that warranty expense is } \
\text { Oct. 1 }&\text { 5\% of sales. (Record only the warranty expense.) }\
\hline \text { Oct. 24 } & \text { Paid } \$ 250 \text { to satisfy warranty claims. } \
\hline \text { Dec. } 31 & \text { Estimated vacation benefits expense to be } \$ 2,350 . \
\hline & \text { McBride expected to pay its employees a } 4 \% \text { bonus on net income } \
\text { Dec. } 31 & \text { after deducting the bonus. Net income for the year is } \$ 25,000 . \
\hline
\end{array}$$ Journalize the transactions (explanations are not required).Round to the nearest dollar.

Quizplus · Accepted Answer

The Answer of McBride Industries completed the following transactions during 2018:
 $$\begin{array} { | l | l | } 
\hline  & \text { Made sales of } \$ 10,000 . \text { McBride estimates that warranty expense is } \
\text { Oct. 1 }&\text { 5\% of sales. (Record only the warranty expense.) }\
\hline \text { Oct. 24 } & \text { Paid } \$ 250 \text { to satisfy warranty claims. } \
\hline \text { Dec. } 31 & \text { Estimated vacation benefits expense to be } \$ 2,350 . \
\hline & \text { McBride expected to pay its employees a } 4 \% \text { bonus on net income } \
\text { Dec. } 31 & \text { after deducting the bonus. Net income for the year is } \$ 25,000 . \
\hline
\end{array}$$ Journalize the transactions (explanations are not required).Round to the nearest dollar.

McBride Industries Completed the Following Transactions During 2018 Journalize the Transactions (Explanations Are Not Required)