QUESTION 8 nets with a month waranty forstoeach on account Fish Nets estimates that 1* sales will be uncollectbie ardther warranty oosts will be approximately S100 on its sales. Fish Nets' financial statements should inolude O Bad debts expense of $800 and Warranty expense of S100 on its inoomestatement O Allowance for unoollectible accounts of and nothing for the warranties on its belance O Bad debts expense of sa0 and Warranty expense of s1pon income statement O Alowance for uncollectible accounts of sao and Unearned warranty of $100 on its balance sheet 2 points Save Answer QUESTION 9 In Fish sold a ty for $10 each on account. Fish Nets estimates that warranty costs will be approximately $100 on these sales. What ofect will the warranty adusting entry have on Fish Nets' cument ratio? O It will cause the current ratio to increase. O cause the current ratio to decrease