Masterpiece Sales Corporation offers warranties on all their…

Masterpiece Sales Corporation offers warranties on all their electronic goods. Warranty expense is estimated at 3% of sales revenue. In 2025, the company had $602,000 in sales. In the same year, Masterpiece Sales replaced defective goods with goods that had a cost of $16,500. Which of the following is the entry needed to record the replacement of the defective goods?

On January 1, 2025, Commercial Equipment Sales issued $28,00…

On January 1, 2025, Commercial Equipment Sales issued $28,000 in bonds for $25,600. These are six-year bonds with a stated interest rate of 10%, and pay semiannual interest on June 30 and December 31. Commercial Equipment Sales uses the straight-line method to amortize the Bond Discount. What amount is debited to Interest Expense on June 30, 2025?