receivable for the remainder. Payments to satisfy customer warranty claims totaled $$19,500$ during $2021.$

Read the requirements.

Record the sales, warranty expense, and warranty payments for Trail Runner USA. $($Record debits first, then credits. Exclude explanations from any journal entries.$)$

First, let's record the sale of the tires.

Journal Entry

Now, let's accrue the warranty expense.

Journal Entry

Next, we will record the payment of warranty expenses.

Journal Entry

Accounts

Debit

Credit

Requirements

Record the sales, warranty expense, and warranty payments for

Trail Runner USA. Ignore cost of goods sold.

Post to the Accrued Warranty Payable T$-$account. The beginning balance was

$$20,000.$ At the end of $2021,$ how much in accrued warranty payable does

Trail Runner USA owe to its customers?