Dec. 31: Garret estimated warranty expense on sales for the second half of the year of $540,000 at 2%. Date Accounts Debit Credit Dec. 31 Requirement 2. What is the balance in Estimated Warranty Payable assuming a beginning balance of $0? Use the T-account to determine the ending balance for the Estimated Warranty Payable account. Use a "Bal." posting reference to show the ending balance of the account. Estimated Warranty Payable