Goliath USA, a tire manufacturer, guarantees its tres against defects for five years or 60,000 miles, whichever comes first Suppose Goliath USA can expect warranty costs during the five-year penod to add up to 6% of sales Assume that a Goliath USA dealer in Denver, Colorado, made sales of $534 000 during 2018 Goliath USA received cash for 20% of the sales and took notes receivable for the remainder Payments to satisfy customer warranty claims totaled S19 700 during 2018 Read the tourements 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 Now, lot's accrue the warranty expense Journal Entry Accounts Debit Credit Next, we will record the payment of warranty expenses Journal Entry Accounts Debit Credit 2. Post to the Accrued Warranty Payable T-account the beginning balance was $20,000 At the end of 2018. how much in accrued warranty payable does Goliath USA owe to its customers Select the appropriate descriptions and enter the beginning balance and post the otros to the Accrued Warranty Payablo T-account Calculate the balance of the liability account Accrued Warranty Payable At the end of 2018, Golliath USA owes $ to its customers from Accrued Warranty Payable. Choose from any list or enter any number in the input fields and then continue to the neyt Anection