Ridgepointe Corporation made sales of $300,000 subject to warranties that are estimated to be at 4% of the sales made. The entry to accrue warranty expense would include which of these? A. Credit to Inventory, $12,000 B. Debit to Warranty Payable, $12,000 C. Credit to Warranty Expense, $12,000 D. Credit to Accrued Warranties Payable, $12,000 2. Refer to Question #1. Defects totaled $8,000. Ridgepointe's entry to replace the defective products will include which of these? A. Credit to Accrued Warranties Payable. B. Credit to Inventory. C. Debit to Warranty Expense. D. Debit to Inventory. 4. Fowler Inc. reports purchases from suppliers of $130,000 and average accounts payable of $50,000. What is the days' payable outstanding for Fowler Inc.? A. 140 days B. 3 days C. 7 days D. 50 days 5. On November 1, Coker Company received $6,000 from a customer for legal services to be performed over the next three months. On December 31, after all adjusting entries are made, the balance sheet should report what amount of unearned revenue? A. $6,000 B. $2,000 C. $4,000 D. S-0