Biossomis Cycle Boothitti. had the followhe transactions involving current fiabilities in its frat year of operations: income tives. 518.367 in CP Premiums, and 55.325 in Fl premiums before distrituting the cheques to the stalf: As an 3. The comoany gives customeds a one year watranty against deferts on bicycles. Marwscment estimated that warranty cotts would total 1.5k of sales. Siles of ticycles for the year were $2260,000. Durine the year, the coinpany spent $23.500 on reliands inder the wacranty of the wilise srice when the order is niaced. During the vear, deposits totalling $44,200 were received for custom orders. Nane of iteiest arders hawe been dellivered yet. (a) Prepare journal entries to record the trsssacbors. (Credit account fities are automatically indented when the omount is entered. Do not indent monually If no entry is required select "No entry" for the account tilles and enter 0 for the amounts. Round answers to 0 decimal Plidces, es. 14,674. List all debit entries before credit entries.) Question 1 of 5 Awoirts Pimate (To record payment tassupplec) 2. (To record poyment to the starf) (To record employer's latilities.) (T rocold pisyenent to the govenment.) 3. (To record warranty expense-) (To record wamanty poyments.) 4