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I need help with knowing which formula to use. LO 4 1tak $1.200 Required: Use the horizontal model (or write the journal entry) to show

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I need help with knowing which formula to use.

LO 4 1tak $1.200 Required: Use the horizontal model (or write the journal entry) to show the effects of the Cal b. accrual on June 25, 2016 C. 2. 7.3 ability acount was $25.000 on January 1, 2016, and $34,400 on December 31, 206 Lo 5 Based on an analysis of warranty claims during the past several years, this year's w. Mini-Exercise Other accrued liabilities-warranties The balance of the Estimated Warranty l ranty provision was established at 1.5% of sales, and sales during the year were Other $2,600,000. Required a. What amount of warranty expense ill appear on the income statement for the year o taxesC year ended December 31, 2016? Requ b. What were the actual costs of servicing products under warranty during the year? ac Mini-Exercise 7.4 LO 8 Bonds payable-various issues On July 1, 2016, $12 million face amount of 7%, 10-year bonds were issued. The bonds pay interest on an annual basis on line 30 each year. The market interest rates were slightly higher than 7% when the bonds were sold. b. D ro c. Required a. How much interest will be paid annually on these bonds? b. Were the bonds issued at a premium or discount? Explain. c. Will the annual interest expense on these bonds be more than, equal to, or than the amount of interest paid each year? Explain your

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