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Reat the maitnents Requirements 1. Record the sales, warranty expense, and warranty payments for the Tompany. Ignore cost of goods sold. 2. Assume the Estimated Warranty Payable is $0 on January 1, 2024. Post the 2024 transactions to the Estimated Warranty Payable T-account. At the end of 2024 , how much in Estimated Warranty Payable does the company owe? Adirondack guarantees its snowmobiles for three years. Company experience indicates that warranty costs will be approximately 6% of sales. Assume that the Adirondack dealer in Colorado Springs made sales lotaling 5750,000 during 2024 . The company recelved cash for 20% of the sales and noles recelvable for the remainder. Warranty payments totaled $15,000 during 2024 Read the requirements. Requirement 1. Record the sales, warranty expense, and warranty payments for the company. Ignore cost of goods sold. (Record debits first, then credits. Select the explanation on the Iast line of the joumal entry table.) Begin with the entry to record the sales. (Prepare a single compound entry for this transaction.) Requirements 1. Record the sales, warranty expense, and warranty payments for the company. Ignore cost of goods sold. 2. Assume the Estimated Warranty Payable is $0 on January 1,2024 . Post the 2024 transactions to the Estimated Warranty Payable T-account. At the end of 2024, how much in Estimated Warranty Payable does the company owe