1) S&C Roofing had sales on account of $28,500 which were subject to state sales tax of 9%. The entry to record the sales would be to: A) debit Accounts Receivable, $28,500; debit Sales tax payable, $2,565, credit Sales revenue, $31,065. B) debit Accounts Receivable, $28,500; credit Sales revenue, $28,500. C) debit Accounts Receivable, $31,065, credit Sale revenue, $31,065. D) debit Accounts Receivable, $31,065, credit Sales revenue, $28,500; credit Sales tax payable, $2,565. 2) Lionworks Inc. signed a 545,000 8% 30-year installment note on November 1, 2014, The note requires semiannual payments of $750 plus interest on May 1 and November 1 of each year.H will Budget Auto classify this loan on its December 31, 2014 Balance Sheet? A) Current Portion of Long-term debt, $750; Long-term debt, $44,250 B) Current Portion of Long-term debt, $0, Long-term debt, $45,000 C) Current Portion of Long-term debt, $45,000; Long-term debt, $o D) Current Portion of Long-term debt, $1,500, Long-term debt, $43,500 3) Northwest Electric had cash sales for the month totaling s73,200. Northwest offers a 6-month warranty on its services. If Northwest estimates warranty claims will equal 2% of sales, the journal entry to record the estimated warranty expense for the month is: A) debit Warranty expense, $1,464; credit Cash, $1,464. B) debit Warranty expense, $1,464; credit Estimated warranty payable, $1.464. C) debit Estimated warranty payable, $1,464; credit Warranty expense, $1,464. D) debit Warranty expense, $1,464; credit Sales revenue, $1,464