Which of the following journal entries would probably be made if the modified cash basis of accounting for warranties is in use for a sale made in 2016? 
Definitions:
Opportunity
In business, an opportunity refers to a favorable situation or circumstance that can be leveraged for potential growth or profit.
Internal Users
Individuals within an organization who use accounting information for decision-making purposes, such as managers and employees.
Limited Access
A restriction or control on the entry to or use of resources, facilities, or information.
Balance Sheet
A summary of a corporation's financial status, including assets, liabilities, and shareholders' equity, at a specific time.
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