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Question 7 (1 point) In the current year, Song Company introduces a new product that...

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Accounting

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Question 7 (1 point) In the current year, Song Company introduces a new product that includes a two- year warranty on parts. During the year, 4,900 units are sold for $475 each. The cost of each unit was $205. The company estimates that 6% of the units will be defective and that the average warranty cost will be $78 per unit. The company has a December 31 fiscal year end and prepares adjusting entries on an annual basis. What is the total debit to warranty expense for the year end entry? Enter the amount in whole dollars, no commas or dollar signs. Your Answer: Answer Question 8 (1 point) XYZ company sells widgets for $1,500 plus 5% GST and 7% PST. The company sold 80 widgets yesterday. Calculate the amount of PST payable the company will record for their sales. Enter your answer in whole dollars, no commas or dollar signs. Your

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