Question: Journalizing liability transactions
The following transactions of Oscar Landing occurred during 2016:
(FOR TABLE INFORMATION REFER TO FILE ATTACHMENT)
Requirements: 1. Journalize required transactions, if any, in Landing's general journal. Explanations are not required.
2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0?
Information related to above question is enclosed below:
Attachment:- P11-28Acorrectfile.rar