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what are the correct journal entries to all parts of the problem? i do not understand. Gladiator USA, a tire manufacturer, guarantees its tires against

what are the correct journal entries to all parts of the problem? i do not understand. image text in transcribed
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Gladiator USA, a tire manufacturer, guarantees its tires against defects for five years or 60,000 miles, whichever comes first. Suppose Gladiator USA can expect warranty costs during the five-year period to add up to 6% of Sales Assume that a Gladiator USA dealer in Denver, Colorado, made sales of $560,000 during 2018 Gladiator USA received cash for 15% of the sales and took notes receivable for the remainder. Payments to satisfy customer warranty claims totaled $19,500 during 2018 Read the requirements 1. Record the sales warranty expense, and warranty payments for Gladiator USA (Record debits first, then credits Exclude explanations from any journal entries) First, let's record the sale of the tires Journal Entry Accounts Credit Now lot's accrue the warranty expense Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Gladiator USA, a tire manufacturer, guarantees its tires against defects for five years or 60,000 miles, whichever comes first Suppose Gladiator USA can expect warranty costs during the five-year period to add up to 6% of sales. Assume that a Gladiator USA dealer in Denver, Colorado, made sales of $560,000 during 2018 Gladiator USA received cash for 15% of the sales and took notes receivable for the remainder Payments to satisfy customer warranty claims totaled $19,500 during 2018 Read the requirements Next, we will record the payment of warranty expenses Journal Entry Accounts Debit Credit 2. Post to the Accrued Warranty Payable T-account the beginning balance was $15.000. At the end of 2018, how much in accrued warranty payable does Gladiator USA owe to its customers? Select the appropriate descriptions, and enter the beginning balance and post the entries to the Accrued Warranty Payable T-account Calculate the balance of the liability account Accrued Warranty Payable Choose from any list or enter any number in the input fields and then continue to the next question EU 2. Post to the And Way Payable account the begance was $15.000 A the end of 2018 USA w customers Select the prophe descriptions and enter the beginning and the entstone Acued hindw a account the of the Accred Warranty Choose from any store any number in the rou n d the ype here to search

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