Valley Trails USA, a tire manufacturer, guarantees its tires against defects for five years or 60,000 miles, whichever comes first. Suppose Valley Trails USA can expect warranty costs during the five-year period to add up to 6% of sales. Assume that a Valley Trails USA dealer in Denver, Colorado, made sales of $660,000 during 2021 . Valley Trails USA received cash for 15% of the sales and took notes receivable for the remainder. Payments to satisfy customer warranty claims totaled $19,700 during 2021. Read the requirements. 1. Record the sales, warranty expense, and warranty payments for Valley Trails USA. (Record debits first, then credits. Exclude explanations from any journal entries.) First, let's record the sale of the tires. Requirements 1. Record the sales, warranty expense, and warranty payments for Valley Trails USA. Ignore cost of goods sold. 2. Post to the Accrued Warranty Payable T-account. The beginning balance was $17,000. At the end of 2021 , how much in accrued warranty payable does Valley Trails USA owe to its customers