46 Pioneer Corporation offers a 2-year warranty for all of its products. Pioneer began the year with a credit balance of $25,000 in the Estimated Warranty Liability account. This year Ploneer recognized sales of $2 millen and estimates that 2% of sales will be returned for warranty work. This year $50,000 of warranty work was performed. What is Ploneers Warranty Expense for the year? O $35,000 O 15.000 360.000 01110000 D Question 47 3.33 ph A potential liability which depends on a future event arising out of a past transaction is now as a o Accrued ability O Contingent ability O Current by O Deformed Katy D Question 48 3.33 pts Stevens Company has $200,000 par value of bonds outstanding When the balance in Discount on Bonds Payable is $3,000 later semi-annual interest is paid and the discount is amortize, Stevens calls these bonds and pays 102 to the bondholders. The journal entry to cord the retirement of these bonds would indude o Debit to Loss on Bond Retirement of 7,000 o Debit to Bonds Payable of $197,000 o Debit to Discount on Bonds Payable of $3.000 O Debit to Lead Band Reement af 4000