no expalanation req

The accounting records of Off the Wheel Cycle included the below entry on January 1,2023. In the past, Off the Wheel Cycle's warranty expense has been 4 percent of sales. During 2023, Oft the Wheol Cycle made sales of $1,040,000 and paid $32,000 t satisfy warranty claims. Required 1. Record Off the Whoel Cycle's warranty expense and warranty payments during 2023. Explanations are not required. 2. What batance of Estimated Warranty Payable wil Oft the Whool Cycle report on its balance shoet on December 31,2023 ? Requirement 1. Rocord Off tho Whool Cycle's warranty expense and warranty paymonts during 2023 . Explanations are not required Journalize the warranty expense. (Record debits first, then credits. Exclude explanations from journal entries.) Requirement 1. Record Off the Wheel Cycle's warranty expense and warranty payments during 2023. Explanations are not required Journalize the warranty expense. (Record debits first, then credits. Exclude explanations from journal entries.) Journalize the warranty payments. Requirement 2. What balance of Estimated Warranty Payable will Off the Wheel Cycle roport on is balance sheet on December 31,2023? Use the T-account to determine the ending balance for the Estimated Warranty Payable that Off the Wheel will report on its balance sheet on December 31,2023 . (0f a box is not used in the T-account, leave the box empty; do not select a label or enter a zero.)