On November L, 2020, he approved $ 400,000 for 90 days of 9% by signing a warrant. Assume the face value of the note equals the principal of the loan. Required: (1) To enter the required amendment in the journal on December 31, 2020. (2) Record in the newspaper to record the payment of the bond on the maturity date. B- (Two grades) Isa Town provides a two-year warranty on equipment parts. In 2019, the company's sales reached $ 350,000. Based on its past experience, the company estimated the required escrow expenses to be equivalent to 5% of the value of sts ales. Dunng 2019, compay ued 17500 uf pats directed to the equipment required: (1) Prepare the journal entry to record warranty liability only in 2019. (2) How much is the viability of the warranty on December 31, 2019

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