https://mdc.blackboard.com/webapps/assessment/take/launch.jsp?course assessment id--464953 1&course id-115481 1&content id-_559 Update Later Microsoft AutoUpdate Updates are ready to be instaled Restart App QUESTION 17 Bike World Inc. offers warranties on all their bikes. They estimate warranty expense at 3.5% of sales. At the beginning of 2013, the Estimated Warranty Payable account had a credit balance of $1,200. During the year, Bike World had $295,000 of sales, and had to pay out $5,300 in warranty payments. At the end of the year, what is the closing balance in the Estimatod Warranty Payable accounts? O $6,225 O $6,500 O $9,125 O $10,325 QUESTION 18 4 points Save Answer Which of the following is an important internal control over payroll? O separating the duties of the disbursement of paychecks from the recording of payroll transactions in the ledger O soparating the duties of safeguarding property from record-keeping of property O separating the duties of approving invoices from signing disbursement checks O separating the dutios of cash disbursement from bank reconciliations QUESTION 19 4 points Save Answer On June 30, 2015, Rangers Inc. showed the following data on the equity section of their balance sheet Stockholders' equity Common stocdk, $1 par 190,000 charesauthorized, 140,000 sharesisoued and outstanding $140,000 Paid-In Capital in Excepe of Par -Common 260.000 Retained earmings Total stockholder'sequity 940.000 $1340,000 On July 1, 2015, the company declared and distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, what would be the new number of shares issued shown on the balance sheet? O26,000 O 66,000 O 147,000 105,000 Cick Save and Submit to save ond submit. Click Savt All Answers to sqve all ansurers