Lev Corp issued $200 in principal of 4-year bonds with a 5.0% stated interest rate and semi-annual interest payments. At the time of the issuance, the discount rate equaled the stated interest rate. What is the annuity factor for the interest payments Round to two decimal places. Next Previous I point Wall Co sells a product under a two-year warranty. The estimated cost of warranty repairs is 5% of net sales. During Wall's first two years in business, it made the following sales and incurred the following warranty repair costs: Year 1 Total sales 250,000 Total repair costs incurred 4.500 Year 2 Total sales 600,000 Total repair costs incurred 5.000 What amount should Wall report as warranty expense for Year 2? point Aldrich Co. distributes cash dividends to its shareholders during the current year. The dividends are declared on March 9 and are payable to shareholders as of the date of record, which is April 15. The dividends are actually paid on May 19. At which of the following dates would the dividends become a liability to Aldrich? March April 15 December 31 May 19 Next Previous Return Next 5 Hackensack Hotel collects 12 in city sales taxes on room rentals Sales taxes for each month are due at the end of the following month. On January 3. Year 2. Hackensack Hotel paid its December Year 1 sales taxes on $2 million in sales. On January 3. Year 2. what journal entry did Hackensack Hotel record to reflect the remittance of sales tax to the city