200 words please

Student responses to discussion questions must be substantive, that is, thoughtful and analytical. Be organized in your thoughts and ideas. Incorporate correlations with the assigned readings or topics. Stay on topic. Avoid summarizing. Contribute to the learning environment with depth and with the goal of motivating discussion. Scientific discourse is based on evidence. Opinions are just that, but if used in a discussion, they must be informed opinions. Additionally, do not make insulting or inflammatory statements in the discussion board. Be respectful of others' ideas. Philosophical differences exist and we can all agree to disagree in a professional manner. Be patient and read the postings of others thoroughly before posting your responses. Since learning takes place over time, the responses should not be made all at once, but spread out, in order to allow dialogue to develop. The aim is to encourage interaction among students and faculty, not simply to present information. XYZ Company has always done adjusting entries to record its estimated warranty liabilities. The company has hired a new manager, Richard Smith, who objects to recording an expense and a liability for warranty service on products that have not yet been brought in for warranty repairs. Smith states "We don't owe anyone anything until a product fails and it is returned. Let's report an expense if and when we do any warranty work." Write a memo to Smith explaining why his recommendation would not be appropriate. Be sure to read your classmates' responses and make insightful responses to at least two of their posts