(Learning Objective 1: Accounting for warranty expense and provision for warranty repairs) Trekster guarantees automobiles against defects for fi ve years or 55,000 miles, which ever comes fi rst. Assume that a Trekster dealer in Paris, France, made sales of $483,000 during 20X0. Trekster expects warranty costs during the fi ve-year period to add up to about

$28,980. Trekster received cash for 30% of the sales and took notes receivable for the remainder. Payments to satisfy customer warranty claims totaled $19,000 during 20X0.

1. Record the sales, warranty expense, and warranty payments for Trekster.

2. Post to the Provision for Warranty Repairs T-account. The beginning balance was $11,000.

At the end of 20X0, how much in provision for warranty repairs does Trekster owe to its customers?