North Boulder USA, a tre manufacturer, guarantees is tires against defects for five years of 60,000 miles, whichever comes first Suppose North Boulder USA can expect warranty costs during the five-year period to add up to 3% of sales. Assume that a North Boulder USA dealer in Denver, Colorado, made sales of $641,000 during 2018 North Boulder USA received cash for 15% of the sales and took notes receivable for the remainder. Payments to say oustomer Warranty claims foted $18.500 during 2018 Read the game 1. Record the sales, warranty expense and warranty payments for North Boulder USA (Record de tren credits Exclude explanations from any journal entries.) First, let's record the sale of the tires Journal Entry Accounts Debit Credit anty payment for North Boulder USA Recorded bite fetthan credite veludo Avalanations from ournal entries. i Requirements Entry 1. Record the sales, warranty expense, and warranty payments for North Boulder USA. Ignore cost of goods sold. Post to the Accrued Warranty Payable T-account. The beginning balance was $14,000. At the end of 2018, how much in accrued warranty payable does North Boulder USA owe to its customers? Print Done , let's record the sale of the tires. Journal Entry Accounts Debit Accrued Warranty Payable Cash Notes Receivable Sales Revenue Warranty Expense