expense of $35,000. The cash paid was $25,000; the difference was due
to various amounts withheld. 8. Recorded employer’s payroll taxes.
9.
Accrued accumulated vacation pay. 10. Recorded an
asset retirement obligation. 11. Recorded bonuses due to employees.
12. Recorded a contingent loss on a lawsuit that the company
will probably lose.
13. Accrued warranty expense (assume expense
warranty approach). 14.
Paid warranty costs that were accrued in
item 13 above. 15. Recorded sales of product and related service-type
warranties. 16. Paid warranty costs under contracts from item 15
above.
17. Recognized warranty revenue (s