please answer the following

1) Which of the following situations typically results in unearned revenues? A) charging customers a deposit for returnable containers B) short-term zero-interest notes payable C) providing manufacturer warranties (D) selling magazine subscriptions 2) Reducto Co. pays a weekly payroll of $95,000 that includes federal taxes withheld of $12,700, FICA taxes withheld of $7,270, and retirement withholdings of $6,000. What is the effect of assets and liabilities from this transaction? A) Assets decrease $85,000 and liabilities decrease $25,970. B) Assets decrease $85,000 and liabilities increase $25,970. C) Assets decrease $69,030 and liabilities decrease $25,970. D) Assets decrease $69,030 and liabilities increase $25,970. 3) Pegasus Corp. signed a three-month, zero-interest-bearing $253,315 note on November 1 , 2016 for the purchase of $250,000 of inventory. If Pegasus makes adjusting entries only at the end of the year, the adjusting entry made at December 31,2016 will include a A) debit to Note Payable for $2,210 B) debit to Interest Expense for $2,210 C) credit to Note Payable for $2,210 D) credit to Interest Expense for $2,210 4) Kool's Stores made cash sales during the month of May of $79,500. The sales are subject to a 6% sales tax that was also collected. Which of the following would be included in the summary journal entry to reflect the May sales transactions? A) debit Cash for $79,500 B) credit Sales Tax Payable for $4,500 C) credit Sales for $75,000 D) credit Sales Tax Payable for $4,770 5) Bull's Eye Department Stores, Inc. records $150,000 in gift card sales and receives cash in year 1. Customers redeemed 30% of the gift cards to purchase merchandise in year 2 . Which of the following would be included in the summary journal entry to reflect the year 2 redemption transactions? A) debit Unearned Revenue $45,000 B) credit Unearned Revenue $45,000 C) debit Sales Revenue $105,000 D) credit Sales Revenue $105,000