in Coburn Yard Equipment offers warranties on all its lawn mowers. It estimates warranty expense at 2.6 percent of sales. At the beginning of 2019, the Estimated Warranty Payable account had a credit balance of $4,000. During the year, Coburn Yard 5 Equipment had $600,000 of sales and had to pay out $9,900 in warranty payments for repairs 1. Prepare the required journal entries to record warranty expense and payments. Use December 31 for the journal entry date. ic 2. What is the balance of the warranty liability at the end of 2019? Indicate whether the balance is a debit or a credit. art as Requirement 1. Prepare the required journal entries to record warranty expense and payments. Use December 31 for the journal entry date. ca Begin by recordin-the- Erst, then credits. Exclude explanations from journal entries.) mil Accounts Payable gis Date Accounts Receivable Debit Credit Cash 2019 rof Equipment Dec 31 rtn Estimated Warranty Payable Inventory Warranty Expense nel ca hip Next, record the warranty payments. ki ks n ti General Journal nei Choose from any list or enter any number in the input fields and then continue to the next