just need help with these can you provide a explanation

E9-7 Reporting Warranty Liability LO9-1 Gonzales Co. provides warranties for many of its products. Its estimated warranty liability account had a balance of $146,800 at December 31, 2019. Based on an analysis of warranty claims during the past several years, the warranty expense for 2020 was established at 0.4 percent of sales. During 2020, the actual cost of servicing products under warranty was $65,400, and sales were $14,900,000. Required: 1. Compute the warranty expense that should appear on the company's statement of earnings for the year ended December 31, 2020. Warranty expense 2. What amount will be reported in the estimated warranty liability account on the statement of financial position as at December 31, 2020? Estimated warranty liabilityMC Qu. 09-15 The dollar amount reported for... The dollar amount reported for liabilities is the result of all the following, except: Multiple Choice O additional amounts owed to the creditor. O amounts contingent upon a future event. O payments or services provided to the creditor. O the initial amount of the liability.MC Ou. 09-08 Deferred revenues of $24,000 were... Deferred revenues of $24,000 were received and properly recorded and entered in the ledger of the company. At the end of the accounting period. one-fourth of the deferred revenue had been earned, but unrecorded. The adjusting entry will require a Multiple Choice 0 debit to Deferred Revenues and a credittao Trade Payebles for $6.000. O debit to Cash and credit to Revenue for $6,000. 0 debit to Deferred Revenues and a credit to Cash for $6.000. O deblt to Deferred Revenue and a credit to Revenue for $6,000. MC (in. 09-11 Deferred revenues represent a liability... Deferred revenues represent a liability because Multiple Choice 0 goods or servlces have been paid for. but not yet provided to the customer. 0 no cash has changed hands 0 the company is transferring them to another period for tax reasons. O collection is uncertain. MC Qu. 09-13 A contingent liability could be... A contingent liability could be recorded as a liability when the Multiple Choice O amount is possible and the amount can be estimated. O liability is likely or reasonably possible and the amount can be estimated. O amount is possible and the amount cannot be estimated. O contingent event is virtually certain to occur