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please help thank you 6. Refer to number 5 above. The journal entry to be recorded when two of the units were actually replaced during

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6. Refer to number 5 above. The journal entry to be recorded when two of the units were actually replaced during the month would include: a. a credit to Cash for $200 b. a debit to Estimated Warranty Liability for $120 c. a debit to Warranty Expense for $120 d. a credit to Inventory for $200 7. An amount is deposited into a bank account that pays 8%, compounded quarterly for 5 years. What number of periods and rate would be used to find the future value of this investment? a. 20 periods at 2 percent c. 10 periods at 4 percent b. 5 periods at 8 percent d. 20 periods at 4 percent 8. How much must be invested today, at 8%, compounded semi-annually, to be able to withdraw $1,000 each 6 months for 5 years? a. $5,867 c. $12,006 b. $8,111 d. $3,993 9. What is the future value of $400 deposited today at 12% compounded monthly for 2 years. a. $501.60 c. $504.80 b. $506.80 d. $508.00 10. If $1,000 is deposited each year for 5 years in an account that earns 8% compounded annually, how much will be in the account at the end of the five years? a. $1,469 b. $5,867 c. $1,477 d. $9,549 5. During April, Koduck Cameras sold 150 instant cameras for $100 each. Each camera had cost Koduck $60 to manufacture, and carried a one-year warranty. If 4% typically need to be replaced over the warranty period, and two are actually replaced during April, for what amount in April should Koduck debit Warranty Expense? a. $600 c. $240 b. $360 d. $120

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