Return to page 27 Question 27 (1 point) Esplanade Outdoor Co. estimates that warranty expense will be 5% of sales. The current period's sales were $1,740,000. The entry to record the warranty expense is No answer provided a. Estimated Warranty Liability 87,000 Warranty Expense 87,000 b. Warranty Expense 87,000 Sales 87.000 c. Warranty Expense 87,000 Estimated Warranty Liability 87,000 d. Estimated Warranty Liability 87,000 Cash 87,000 Return to page 28 Question 28 (1 point) TechCom ages its accounts receivables to determine the end of the period adjustment for bad debts. At the end of the year, management estimated that $12,750 of the accounts receivable balances would be uncollectible. The Allowance for Doubtful Accounts had a debit balance of $175. What entry should TechCom make at the end of the year, for the estimated bad debts expense? No answer provided a Bad Debts Expense 12,925 Allowance for Doubtful Accounts 12,925 b. Bad Debts Expense 12,750 Allowance for Doubtful Accounts 12,750 c Accounts Receivable 12,925 Allowance for Doubtful Accounts 12,925 d. Accounts Receivable 12,750 Bad Debts Expense 175 Sales 12,925