Requirements C 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? Print Done Warranty pay Requirement 2. Assume the Estimated Warranty Payable is 50 on January 1, 2024. Post the 2024 transactions to the Estimated Warranty Puyable T-account. At the end of 2024, how much in Estimated Warranty Payable does the company owe? Use the 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 "O" for any zero amounts) Estimated Warranty Payable Score: 6.8 of 10 pts SF11-11 (similar to) Assigned Media Catskills guarantee its snowmobiles for three years Company experience indicates that warranty costs will be approximately 5% of sales Assume that the Catskills dealer in Colorado Springs made sales totaling 5650.000 during 2024 The company received cash for 10% of the sales and notes receivable for the remainder Warranty payments totaled $12.000 during 2024 Read the requirements 2024 Estimated Warranty Payable 12,000 12,000 anly payments on January 1, 2024. Post the 2024 transactions to the Estimated Warranty Payable account. Al o show the beginning baie