27) Bach. Co. presents the following information for 2015 and 2016 2015 information: Sales on account in the amount of $64 5,000 arranty expense and associated liability in the amount of $125,000 No other expenses incurred. 2016 information: Sales on account in the amount of $225,000 Warranty repairs made in the amount of $65,000 No expenses incurred Requirement: Prepare the journal entries for 2015 and 2016 to recoro the sales, warranty, and income tax transactions, assume a 40% tax rate. (4 points) 28) Violet Corporation reported a loss in 2015 of $700,000. The \ company reported taxable income of $280,000 in 2013 and $205,000 i 2014. It has no permanent or temporary differences and its tax rate i 40% Requirement: What is the necessary journal entry for 2015? (1.5points) 29 ABC accepts a $400,000, 9% , two-year note from DEF on July 2016, and lends cash to DEF. This note matures on June 30, 201 and requires annual installment payments each June 30 until maturity. The market rate of interest on the date of issue was 9%. required annual payment from calculatinn is t?77 110 27) Bach. Co. presents the following information for 2015 and 2016 2015 information: Sales on account in the amount of $64 5,000 arranty expense and associated liability in the amount of $125,000 No other expenses incurred. 2016 information: Sales on account in the amount of $225,000 Warranty repairs made in the amount of $65,000 No expenses incurred Requirement: Prepare the journal entries for 2015 and 2016 to recoro the sales, warranty, and income tax transactions, assume a 40% tax rate. (4 points) 28) Violet Corporation reported a loss in 2015 of $700,000. The \ company reported taxable income of $280,000 in 2013 and $205,000 i 2014. It has no permanent or temporary differences and its tax rate i 40% Requirement: What is the necessary journal entry for 2015? (1.5points) 29 ABC accepts a $400,000, 9% , two-year note from DEF on July 2016, and lends cash to DEF. This note matures on June 30, 201 and requires annual installment payments each June 30 until maturity. The market rate of interest on the date of issue was 9%. required annual payment from calculatinn is t?77 110