Click Submit to complete this assessment. stion 28 Which of the following are changes in accounting estimates? 1. Change in actuarial estimates pertaining to a pension plan 2. All of these 3. Adoption of a new FASB standard. 4. Change in inventory costing method. A Click Submit to complete this assessment. esc C Msanii Co Question 27 Record the journal entries required for Duncan Corporation for the various changes and errors discovered by the Walton 2015. forsrud, wory entries for blank will be counted wrong Label your entries a (1), (2), band and write in proper journal entry format (separatelines for each account and and in proper Dr. Cr format (Label you debits and credits) a pts) in 2018. Duncan introduced a new line of products that carry a one year warranty against manufacturer's defects Based on industryperience, wat ons were expected to approximate 4% of sales revenue First year sales were $350,000. An evaluation of the company's sime experience in 2016 indicated that come with less than expected of sales rather than 4% Asuming sales were $300.000 and warranty expenditures in 2010 to 512.000 (1) Prepare the joumat untry required on 1-1-19 to raftinct this change (2) Prepare the adjusting journal entry on 12-31-19 to record the warranty expense b. (3 pts) in 2019, internal auditors discovered that Duncan Company, had debited an expense account for the $240,000 cost of a machine purchased on January 1, 2017. The machine's useful fe was expected to be eight years with no residual value Straight-line depreciation is used by Duncan, ignoring income taxes, what jumal entry wil Duncan use to correct the error? c. In 2010, the internal auditors of Duncan discovered that 2018 interest revenue of $4,000 were not recognized until they were received the cash in 2019. What joumal entry will Duncan use to correct the error? For the SALTOFTANTIN MacBook Pro O Search or type URL SC %6 5 & 7 P 2 8 9 6 3 4 T U Y Q R W E J H L G F D S