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Record the warranty payments for the company. Date 2024 Accounts and Explanation Estimated Warranty Payable Debit Credit 10,000 Cash 10,000 Warranty payments. Requirement 2.

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Record the warranty payments for the company. Date 2024 Accounts and Explanation Estimated Warranty Payable Debit Credit 10,000 Cash 10,000 Warranty payments. Requirement 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? Use the T-account to determine the ending balance for the Estimated Warranty Payable account. Use a "Beg. Bal." posting reference to show the beginning balance of the account and an "End. Bal." posting reference to show the ending balance of the account. (Enter a "0" for any zero amounts.) Beg. Bal. Estimated Warranty Payable 0 Payments 30,000 End. Bal. 20,000

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