During August, Boxer Company sells $361,000 in merchandise that has a one year warranty. Experience shows that warranty expenses average about 3% of the selling price. The warranty liability account has a credit balance of $13,300 before adjustment. Customers returned merchandise for warranty repairs during the month that used $9,900 in parts for repairs. The entry to record the customer warranty repairs is: Multiple Choice Debit Warranty Expense $10,830; credit Estimated Warranty Liability $10,830. Debit Estimated Warranty Liability $9,900; credit Parts Inventory $9,900. Debit Warranty Expense $9,900; credit Estimated Warranty Liability $9,900. Debit Warranty Expense $7,430; credit Estimated Warranty Liability $7,430. Debit Estimated Warranty Liability $10,830; credit Parts Inventory $10,830.

The expenditures and receipts below are related to land, land improvements, and buildings acquired for use in a business enterprise. the receipts are enclosed in parentheses. money borrowed to pay building contractor (signed a note) $(276,500 ) (b) payment for construction from note proceeds 276,500 (c) cost of land fill and clearing 11,220 (d) delinquent real estate taxes on property assumed by purchaser 8,340 (e) premium on 6-month insurance policy during construction 12,060 (f) refund of 1-month insurance premium because construction completed early (2,010 ) (g) architect’s fee on building 27,040 (h) cost of real estate purchased as a plant site (land $206,800 and building $55,900) 262,700 (i) commission fee paid to real estate agency 9,620 (j) installation of fences around property 4,030 (k) cost of razing and removing building 10,130 (l) proceeds from salvage of demolished building (4,910 ) (m) interest paid during construction on money borrowed for construction 13,700 (n) cost of parking lots and driveways 17,690 (o) cost of trees and shrubbery planted (permanent in nature) 14,080 (p) excavation costs for new building 2,950 identify each item by letter and list the items in columnar form.