General Motors of Cannda Uimited guaranteas automobilos against defocts for five years or 160.000 km, whichever comes frst. 5 uppose GM Canade can expect warranty coss durng the five-year period to add up to 8% of sales. Peyments to satsfy customer warranty clairs totalled $90,000 during 2020 . 1. Recerd the tailios, warranty expense, and warranty payments for Best ignore any reimbursement that Best may receive from GM Canada 2. Post to the Estimuted Warranty Payable T-account. The beginning balance was $40,000. At the end of 2020 , how much in estimated warranty payable dses Best owe ts cuetomers? 1. Record the sales, warranty expense, and warranty payments for Best: ignore any toimburthoment that best moy receive from GM Canada. First, lefs record the sale of automobiles, (Record debits first, then credits. Explanations are not requirad.) Now, lef's accnuo the warranty expense. Nenel, we will recodt the payment of wartanty expensas. Next, wo will rocord the puyment of warranty expenses. 2. Post to the Eutmated Warranty Payabie T-account. The beginning balance was $40,000. Al the and of 2020 , how much in estimated wartunty payabie does Best one as custorneck? Select the appropriate descriptions, enter the beginning bolance, post the entrion, and calculate the ending bulance of the Estimated Warranty Payatio aocount (Leave any unused cells blank.)