Question 31 The journal entry to accrue estimated warranty expense includes: a debit to Warranty Expense and a credit to Accrued Warranties. a debit to Warranty Expense and a credit to Cash. a debit to Accrued Warranties and a credit to Warranty Expense. a debit to Accrued Warranties and a credit to Cash. Colorado Company makes cash sales of $80,000 excluding sales taxes. The sales tax rate is 6%. The jour these sales would include: (Ignore Cost of Goods Sold.) @ a debit to Cash of $80,000 a debit to Sales Tax Expense of $4,800. ho a credit to Sales Revenue of $84,800. a credit to Sales Tax Payable of $4,800. On January 1, 2021, Almond Joy Company acquired equipment for $500,000. The estimated life of the equipment is 5 years or 80,000 hours. The estimated residual value is $100,000. What is the book value of the asset on December 31, 2022, if Almond Joy Company uses the double-declining-balance method of depreciation? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar.) $180,000 $340,000 $200,000 $320,000