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Please help me complete this. I have been struggling for quite some time, and mainly I need the answer. Thank you ! 1) 1) Unearned

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Please help me complete this.

I have been struggling for quite some time, and mainly I need the answer.

Thank you !

1) 1) Unearned Service Revenue relating to services to be provided in one month, is reported on the balance sheet as: A) a current liability. B) a revenue account a long-term liability. D) a component of stockholders' equity. 1) 2) A current liability would include all EXCEPT: A) Interest Payable. Notes Payable. B) Wages Payable. D) Interest Expense. 2) 3) Illinois Bank lends Lisle Furniture Company $90,000 on December 1. Lisle Furniture Company signs a $90,000, 10%, 4-month note. The total cash paid at maturity of the note is: (Round your final answer to the nearest dollar.) A) $93,000. B) $99,000 $90,000. D) $94,500. 3) 4) Monthly sales are $530,000. Warranty costs are estimated at 5% of monthly sales. Warranties are honored with replacement products. No defective products are returned during the month. At the end of the month, the company should record a journal entry with a credit to: A) Inventory for $26,500. B) Estimated Warranty Payable for $26,500. Sales for $26,500 D) Warranty Expense for $26,500. 5) Potential liabilities that depend on future events arising out of past events are called: A) contingent liabilities. B) estimated liabilities. C) current liabilities. D) long-term liabilities. 5) 6) If the market interest rate is greater than the stated interest rate on bonds, the bonds will sell: A) at face value B) at the stated interest rate. at a premium. D) at a discount 6) 7) A bond with a face value of $80,000 and a quoted price of 104 has a selling price of: (Round your final answer to the nearest dollar.) A) $83,200. B) $88,000. $76,923. D) $80,000 7) 8) On January 1, 2019, Always Corporation issues $2,800,000, 5-year, 11% bonds for $2,720,000. Interest is paid semiannually on January 1 and July 1. Always Corporation uses the straight-line method of amortization. The company's fiscal year ends on December 31. The amount of discount amortized on July 1, 2019 is: A) $16,000. B) $8000. $4000. D) $80,000

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