Catskills guarantees its snowmobiles for three years, Company species that warranty costs will be procesos Assume that the Catskill dealer in Colorado Springs made sales totaing $700.000 during 2004. The company received cash for 50s of the sales and respectivable for the remainder Warranty payments totaled $21,000 during 2024 Read the recurs Requirement 1. Record the sales, warranty expense, and warranty payments for the company ignore cost of goods sold. Recome obies fint, then credits Sect the explanation on the last line of the journal entry table) Begin with the entry to record the sales. Prepare a single compound entry for this ansaction) Date Accounts and explanation Credit Debit 2024 Record the warranty expense Date Accounts and Explanation 2024 Debit Credit Record the warranty payments for the company Dato Accounts and Explanation 2024 Debit Credit Requirement 2. Assume the Estimated Warranty Payable is $0 on January 1, 2024. Pout the 2004 transactions to the stated Warrants Payabia Taccount end of 2024. how much in Estimated Warranty Payable does the company we? Use the account to determine the ending balance for the Estimated Warranty Payable account Use Bog posting rerence to show the beginning bala of Use account and an "End Balposting reference to show the ending balance of the count(Enter at forts) Estimated Warranty Payable Choose from any list or enter any number in the input tieds and then continues