interest expense competitors and e make interest pas es we ing the withholdin withholding back about Marsha Gottsch ople and claims one tak withholding for the current paye is one allowance come tax withhol 740 53.700 after a final of ose that should be record years. Recorders connect ar operating cycie, Identity it is a long-term liabilit taxes payable unts receivable. axes payable payable. payable. The sales tax rate is 45 nt. Record entries for the kets for $300 cash. On sented one-sixth of the transactions 10,000 note. e at maturity. Exercise 11:19 Warranty expense and liability computations and entries gning a 90-day, 98, P4 Co. sold a copier (that costs $4.800) for $6,000 cash with a two-year parts warranty to a customer August 16 of Year 1. Hitzu expects warranty costs to be 4 of dollar sales. It records warranty expense with an adjusting entry on December 31. On January 5 of Year 2, the copier requires on-site repairs that are completed the same day. The repairs cost $209 for materials taken from the repair parts inventory These are the only repairs required in Year 2 for this copier. 1. How much warranty expense does the company report for this copier in Year 1? 2. How much is the estimated warranty liability for this copier as of December 31 of Year 1? 1. How much is the estimated warranty liability for this copier as of December 31 of Year 2? nepure journal entries to record (a) the copier's sale; (b) the adjustment to recognize the warranty capellise on December 31 of Year 1; and (c) the repairs that occur on January 5 of Year 2 Check (1)$240 ear.) year.) December 31, and 3331