Franconia Sales Offers Warranties on All Their Electronic Goods $$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

question 70

Essay

Franconia Sales offers warranties on all their electronic goods.Warranty expense is estimated at 2% of sales revenue.In 2014,Franconia had $500,000 of sales.In the same year,Franconia paid out $7,500 of warranty payments.Please provide the journal entry to record the warranty expense.
$$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

---

Definitions:

Behavioral Therapy

Behavioral therapy is a type of psychotherapy that focuses on changing specific, undesired behaviors through reinforcement techniques.

Felt Meanings

The personal and nuanced emotional significances attributed to experiences or stimuli, often explored in psychotherapy to deepen understanding and foster emotional growth.

Gendlin's Method

A therapeutic technique developed by Eugene Gendlin, focusing on a client’s internal bodily experience to find and create meaning, often associated with focusing-oriented psychotherapy.

Focusing Method

The Focusing Method is a psychotherapeutic technique that involves paying attention to one's internal bodily experience to gain insight into emotional issues.