The accounting records of Off the Wheel Ceramics included the following at January 1, 2018: BER (Click the icon to view the data.) In the past, Off the Wheel's warranty expense has been 3% of sales. During 2018, Off the Wheel made sales of $128,000 and paid $5,500 to satisfy warranty claims Read the requirements Requirement 1. Journalize Off the Wheel's warranty expense and warranty payments during 2018. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Journalize the warranty expense. Date Accounts Debit Credit TE 1 0 Requirements 1. Journalize Off the Wheel's warranty expense and warranty payments during 2018. Explanations are not required. 2. What balance of Estimated Warranty Payable will off the Wheel report on its balance sheet at December 31, 2018? Print Done required. (Record debits first, then credits. Exclude explanations from journal entries.) Data Table Estimated Warranty Payable 2.000 Beg Bal. Print Done Clear All