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Question Help Siema guarantes s snowmobiles for three years Company experience indicates that waranty costs will be approimately 4% of sales Assume hat the Siena dealer in Colorado Springs made sales oling 40,000 during 2018. The company received cash for 50% of the sales and notes receivatle for the remainder Waranty payments totaled $12.000 during 2018 Read the cequrementa Requirement 1. Record the sales, warranty expense, and warranty payments for the company. Ignore cost of goods sold Record detits frst, then credits. Select the explanation on the last line of the joumal entry table) Begin with the entry to record the sales (Prepare a sirgle compound entry for this transacton) Date Accounts and Explanation Debit Credit 2018 Record the wamanty expense Date Accounts and Explanation Debit Credit 2018 Record the warranty payments for the company Date Accounts and Explanation Debit Credt 2018 Choose from any list or enter any number in the inpul felds and then continue to the next question Record the waranty payments for the company Date Accounts and Explanation Debit Credit 2018 Requirement 2. Assume the Estimated Warranty Payable is 50 on January 1, 2018. Post the 2018 transactions to the Estimated Warranty Payable Tacoount At the end of 2018, how much in Estnated Waranty Payable does the company owe Use the Taccount to determine the ending balance for the Estimated Warranty Payable account Use a Beg B"posting reference to show the beginning balance of the account and an End. Bal posting reference to show he ending balarce of he account (Enter a 0 for any zero amounts) Estimated Warranty Payable Choose from any list or enter any number in the input fields and then continue to the next

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