Which Journal Entry Would Probably Be Made If the Modified $\quad$

question 101

Multiple Choice

Which journal entry would probably be made if the modified cash basis of accounting for warranties is in use for a sale made in 2014?

• A) 2014
• Warranty Expense \(\quad \)\(\quad \)\(\quad \)\(\quad \)XX
• Estimated Liability under Warranties\(\quad \) XX
• B) 2015
• Estimated Liability under Warranties \(\quad \)\(\quad \)XX
• Cash \(\quad \)\(\quad \)\(\quad \)\(\quad \)\(\quad \)XX
• C) 2014
• Cash \(\quad \)\(\quad \)XX
• Sales \(\quad \)\(\quad \)XX
• Unearned Warranty Revenue \(\quad \)XX
• D) 2015
• Warranty Expense \(\quad \)\(\quad \)XX
• Cash\(\quad \)\(\quad \)\(\quad \) XX

---

Definitions:

Questionnaires

Structured sets of questions used for gathering information from respondents, commonly used in research and feedback collection.

Functional Job Analysis

A method of job analysis that describes a job in terms of the tasks performed and the competencies required to perform those tasks.

Job Analysis Method

A systematic process used to identify the duties, responsibilities, and requirements of a specific job.

Organizations

Groups of people structured systematically to achieve specific goals or perform specific tasks.