ate the entry to ed on 31 December 2013 ILUfuary 20X9. e the jour tingent liabilities and explain the reasons why they examples of contingent com give four exam, con Company is engaged arts. Past experience sho hin the warranty period. T of 20X9, product warran ce shows that approximately 12% of sold refrigerators needed period. The average cost of replaced parts has been TL 137 per part. warranty liability had a credit balance of TL 32.100. During the yea gero Con on parts. 2 parts within mning of 201 ance of the Product Warranty Liability account at 2. Determine the balance of the Product wa with respect to Notes Payable occurs E 8-8 The following transactions with respect to Notes Pay June 20X8. 5 April The company signed a 120-day, TL 66.000 note to Mi the interest of TL 2.980. 11 May The company issued a 60-day note to a supplier as a amounting to TL 18.000 and agreed to pay interest of the note. 30 June 10 July 3 Aug The company recorded the necessary adjusting en The company paid off the note and the interest d The company paid the amount due to the bank 7. 1 11 ate the entry to ed on 31 December 2013 ILUfuary 20X9. e the jour tingent liabilities and explain the reasons why they examples of contingent com give four exam, con Company is engaged arts. Past experience sho hin the warranty period. T of 20X9, product warran ce shows that approximately 12% of sold refrigerators needed period. The average cost of replaced parts has been TL 137 per part. warranty liability had a credit balance of TL 32.100. During the yea gero Con on parts. 2 parts within mning of 201 ance of the Product Warranty Liability account at 2. Determine the balance of the Product wa with respect to Notes Payable occurs E 8-8 The following transactions with respect to Notes Pay June 20X8. 5 April The company signed a 120-day, TL 66.000 note to Mi the interest of TL 2.980. 11 May The company issued a 60-day note to a supplier as a amounting to TL 18.000 and agreed to pay interest of the note. 30 June 10 July 3 Aug The company recorded the necessary adjusting en The company paid off the note and the interest d The company paid the amount due to the bank 7. 1 11