25 and 29 only please

25. A firm started business from 2014, and sold $100,000 worth of goods during 2014. The firm extends warranty coverage on these goods, and warranty costs are se goods, and warranty costs are estimated as 2% of total sales. During 2014, the firm incurred $1.500 to service goods sold. How much the warranty liability by the end of 2014? A. $800 B. $2,000 C. $500 D. $1,200 26. Which of the following is NOT an intangible asset? A. Patents B. Copyrights C. Coal mining D. Franchise 27. Universal Travel Inc, borrowed $500,000 on November 1, 2016, and signed a 12-month note bearing interest at 07. Interest is payable in full at maturity on October 31, 2017. In connection with this note, Universal Travel Inc. should report interest payable at December 31, 2016, in the amount of: A. $8,000 B. $25,000 C. $30,000. D. $5,000. 28. On January 1, 2016. Legion Company sold $200,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $190,000, priced to yield 12%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2016, in the amount of A. $12,000. B. $10,620. C. $10,000 D. $11,400. 29. What is the journal entry to sale the bond for the above transaction? A. A debit to cash for $200,000, credit bonds payable for $200,000. B. A debit to cash for $190,000, debit for bonds discount for $10,000, and bonds payable for $200,000 C. A debit to cash for $210,000, credit for bonds payable for $200,000 and bonds premium for $10,000. D. A debit to cash for $210,000 and credit for bonds payable for $210,000