The chart of accounts for the corning company includes the following: account name account number cash 11 accounts receivable 13 prepaid insurance 15 accounts payable 21 unearned revenue 24 common stock 31 dividends 32 fees earned 41 salaries expense 54 rent expense 56 page 3 of the journal contains the following entry: description post. ref. debit credit prepaid insurance 1,530 cash 1,530 what is the posting reference that will be found in the prepaid insurance account? a.15 b.3 c.13 d.11

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?