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

Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?