during $2025.$ The company received cash for $20\%$ of the sales and notes receivable for the remainder. Warranty payments totaled $$25,000$ during $2025.$

Read the requirements.

Begin with the entry to record the sales. $($Prepare a single compound entry for this transaction.$)$

Requirements

Record the sales, warranty expense, and warranty payments for the

company. Ignore cost of goods sold.

Assume the Estimated Warranty Payable is $$0$ on January $1,2025.$ Post the

$2025$ transactions to the Estimated Warranty Payable T$-$account. At the end

of $2025,$ how much in Estimated Warranty Payable does the company owe?