Goliath USA, a tire manufacturer, guarantees its tires against defects for five years or 60,000 miles, whichever comes first. Suppose Goliath USA can expect warranty costs during the five-year period to add up to 6% of sales. Assume that a Gollath USA dealer in Denver, Colorado, made sales of $667,000 during 2021. Goliath USA received cash for 15% of the sales and took notes receivable for the remainder Payments to satisfy customer warranty claims totaled $20,000 during 2021. Read the requirements 1. Record the sales, warranty expense, and warranty payments for Gollath USA (Record debits first, then credits. Exclude explanations from any journal entries) First, let's record the sale of the tires. Journal Entry Accounts Debit Credit Requirements 1. Record the sales, warranty expense, and warranty payments for Goliath USA, Ignore cost of goods sold. 2. Post to the Accrued Warranty Payable T-account. The beginning balance was $18,000. At the end of 2021, how much in accrued warranty payable does Gollath USA owe to its customers? Print Done X Golliath USA, a tire manufacturer, guarantees its tires against defects for five years or 60,000 miles, whichever comes first. Suppose Golliath USA can expect warranty costs during the five-year period to add up to 6% of sales. Assume that a Golliath USA dealer in Denver, Colorado, made sales of $667,000 during 2021. Golliath USA received cash for 15% of the sales and took notes receivable for the remainder. Payments to satisfy customer warranty claims totaled $20,000 during 2021. Read the requirements. Requirements 1. Record the sales, warranty expense, and warranty payments for Golliath USA. Ignore cost of goods sold. 2. Post to the Accrued Warranty Payable T-account. The beginning balance was $18,000. At the end of 2021, how much in accrued warranty payable does Golliath USA owe to its customers? , Goliath USA, a tire manufacturer, guarantees its tires against defects for five years or 60,000 miles, whichever comes first. Suppose Goliath USA can expect warranty costs during the five-year period to add up to 6% of sales. Assume that a Golliath USA dealer in Denver, Colorado, made sales of $667,000 during 2021. Goliath USA received cash for 15% of the sales and took notes receivable for the remainder Payments to satisfy customer warranty claims totaled $20,000 during 2021. Read the requirements 1. Record the sales, warranty expense, and warranty payments for Goliath USA (Record debits first, then credits. Exclude explanations from any journal entries.) First, let's record the sale of the tires Journal Entry Accounts Debit Credit Requirements 1. Record the sales, warranty expense, and warranty payments for Golliath USA Ignore cost of goods sold 2. Post to the Accrued Warranty Payable T-account. The beginning balance was $18,000. At the end of 2021, how much in accrued warranty payable does Goliath USA owe to its customers