question #2

North Boulder USA, a tre manufacturer, quarantees is tees against delocts for fivo years or 80,000 millos, whichevor comes fest. Supposo North Boulder USA can expect warranty costs during the fve-year period to add up to 3% of sales. Assume that a North Eoulder USA dealer in Denver, Colorado, made sales or $641,000 during 2021 . Nerth Baulder USA received cash for 15% of the saies and took notes receivabio for the remainder. Payments to satisfy oustomer warnanty claims totaied 518,500 during 2021 Read the tequiremects Requirements 1. Recond the salea, wartanty expense, and wartanty poyments for Nores Boulder USA ignore cost of goods sold 2. Post to the Accrued Warranty Payoblo T-aocount. The beginning belance was $14,000. At the end of 2021, how much in accried warranty payable does Nert, we will record the payment of wartahly oxpenses North Beulder USA awe to its cuatemen