Which of the following methods will result in the highest depreciation in the first year? A. Allowance method B. Direct method C. Straight-line D. Declining-balance Gross pay is: A. Total compensation earned by an employee before any deductions. B. Deductions withheld by an employer. C. Salaries after taxes are deducted. D. The amount of the paycheck. E. Take-home pay. A company estimates that warranty expense will be 4% of sales. The company's sales for the current are $185,000. The current period's entry to record the warranty expense is: A. Warranty Expense 7, 400 Estimated Warranty Liability 7, 400 B. No entry is recorded until the items arc returned for warranty repairs. C. Estimated Warranty Liability 7, 400 Estimated Warranty Expense 7, 400 Warranty Liability 7, 400 Cash 7, 400 E. Warrant Expense 7, 400 Sales 7, 400 Electron borrowed $75,000 cash from TechCom by signing a promissory note. TechCom's entry to the transaction should include a: A. Debit to Accounts Receivable for $75,000. B. Credit to Notes Receivable for $75,000. C. Debit to Notes Receivable for $75,000. D. Credit to Sales for $75,000. E. Debit Notes Payable for $75,000