Trekster, the car manufacturer, guarantees its vehicles for three years or 100000 kilometres, whichever comes first. Suppose Trekster's experience indicates that it can expect warranty costs to equal 6% of sales. Assume that Adams Trekster in Adelaide makes sales of Trekster Brums totalling $500000 during 2016 , its first year of operations. The business receives cash for 20% of the sales and loans receivable for the remainder. Payments to satisfy customer warranty claims totalled $11000 during 2016. (These payments are not reimbursed by Trekster.) Requirements 1. Record the sales, warranty expense and warranty payments for Adams Trekster. 2. Post to the estimated warranty payable T-account. At the end of 2016, how much in warranty costs does Adams Trekster still expect to pay? rekster. (Record debits first, then credits. Explanations aren't required.) Record the payment of warranty expenses