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

question 190

Essay

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.

Comprehend how enterprise resource planning (ERP) systems integrate various aspects of a business.

Understand the use of big data in monitoring and improving supply chain performance.

Understand the uses of different types of accounting journals and their applications in transactions.

Comprehend the vertical and horizontal analysis techniques and their applicability in evaluating financial performance.

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Definitions:

Teletherapy

A radiation therapy technique that allows deeper penetration than brachytherapy; used primarily for deep tumors.

Radiation Therapy

The use of X-rays and radioactive substances to treat cancer.

Deep Tumors

Cancerous growths located deep within the body that may be hard to detect and treat.

Radiotherapy

A treatment method that uses high doses of radiation to kill cancer cells or shrink tumors.