Trekster USA, a tire manufacturer, guarantees its tires against defects for five years or 60,000 miles, whichever comes first Suppose Trekster USA can expect warranty costs during the five-year period to add up to 6% of sales. Assume that a Trekster USA dealer in Denver, Colorado made sales of $684,000 during 2018. Trekster USA received cash for 10% of the sales and took notes receivable for the remainder Payments to satisfy customer warranty claims totaled $20,000 during 2018 Read the requirements 1. Record the sales, warranty expense, and warranty payments for Trekster USA. (Record debits first, then credits Exclude explanations from any journal entries) First, let's record the sale of the tires Journal Entry Accounts Debit Credit Cash Notes Receivable Sales Revenue 1 Requirements - X 1. Record the sales, warranty expense, and warranty payments for Trekster USA. Ignore cost of goods sold 2. Post to the Accrued Warranty Payable T-account. The beginning balance was $10,000. At the end of 2018, how much in accrued warranty payable does Trekster USA owe to its customers? r. Check Answer Print Done