During 2013, Matrix Inc. sells 2,000 DVD recorders for $500 each. Each DVD has a two-year warranty. Matrix estimates that warranty costs will be $15 per recorder. Which statement is correct pertaining to this transaction? Matrix will record the warranty expenses as they occur Matrix will record a warranty liability of $30,000 in 2013 Matrix will record sales net of the warranty expenses Matrix will record an Unearned Revenues for $30,000 related to warranty expense

Matrix will record the warranty expenses as they occur

Matrix will record a warranty liability of $30,000 in 2013

Matrix will record sales net of the warranty expenses

Matrix will record an Unearned Revenues for $30,000 related to warranty expense