The accounting records of Off the Wheel Ceramics included the following at January 1,2016 : In the past, Off the Wheel's warranty expense has been 9% of sales. During 2016 , Off the Wheel made sales of $139,000 and paid $8,000 to satisfy warranty claims. Requirements 1. Journalize Off the Wheel's warranty expense and warranty payments during 2016. Explanations are not required. 2. What balance of Estimated Warranty Payable will Off the Wheel report on its balance sheet at December 31,2016? Joumalize the warranty payments. Requirement 2. What balance of Estimated Warranty Payable will Off the Wheel report on its balance sheet at December 31, 2016? Use the T-account to determine the ending balance for the Estimated Warranty Payable account. Use an "End Bal." posting reference to show the ending balance of the account. The beginning balance (Beg. Bal.) has been entered for you