Trail Runner USA, a tire manufacturer, guarantees its tires against defects for five years or 60,000 miles, whichever comes first. Suppose Trail Runner USA can expect warranty costs during the five-year period to add up to 4 % of sales. Assume that a Trail Runner USA dealer in Denver, Colorado, made sales of $475,000 during 2018. Trail Runner USA received cash for 30 % of the sales and took notes receivable for the remainder. Payments to satisfy customer warranty claims totaled $18,800 during 2018. Read the requirements 1. 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 Debit Credit Accounts Choose from any list or enter any number in the input fields and then click Check Answer Requirements pens pla res Record the sales, warranty expense, and warranty payments for Trail Runner USA. Ignore cost of goods sold. Post tb the Accrued Warranty Payable T-account. The beginning balance was $15,000. At the end of 2018, how much in accrued warranty payable does 1. 2. A Trail Runner USA owe to its customers? Print Done