Trekster Corector guarantees its snowmobiles for three years. Company experience indicates that wemanty costs will be approximately 6% of sales Assume that the Trekster dealer in Colorado Springs made sales totaling $300,000 during 2016. The company received cash for 40% of the sales and notes ivable for the remainder. Wamenty payments totaled $15,000 during 2016 Requirements Record the sales, warranty expense, and warranty payments for the company ignore cost of goods sold Post to the Estimated Wamanty Payable Taccount. At the end of 2016, how much in Estimated Warranty Payable does the company owe? Assume the Estimated Wementy Payable is 30 on January 1, 2016 Recond the warranty payments for the company Date 2018 Accounts and Explanation Estimated Waranty Pays Cash Deb Credi 13,000 15.000 Requirement 2. Post to Pe Estimated Wamanty Payable Taccount Al the end of 2018, how much in Estimated Warranty Payatis does the company owe? Assume the Estimated Warranty Payable is 30 in January 1, 2018 Use the T-account to determine the ending belance for the Estimated Warranty Payable account Use a "Beg Ba" pesting reference to show the beginning balance of the account and an "End Bai pesting interence to show the ending of the account (nara 0 for any amounts) Estimated Warranty Payable Payments 15000