If a product is repaired under warranty, the seller would record a journal entry that includes a . debit to product warranty payable. b. credit to product warranty payable. c. debit to supplies. d. debit to cash.

Debit to Product Warranty Payable

Explanation: Product Warranty Payable is a liability account that has a credit balance. To increase a liability a credit is recorded while to reduce a liability a debit is recorded to the liability.

The seller maintains the warranty as a liability and initially records a debit to its product warranty expense and a credit to its product warranty Payable.

When a repair is done on a product under warranty, the seller records a debit to the product warranty Payable to reduce it’s liability.

Also, a debit to either supplies or cash will increase the expense and assets accounts respectively which will amount to incorrect journal entries.

the page presents four different kinds of threats that volcanoes pose and what to do before, during, and after an eruption.

answer; i believe the correct answer is (a) purchase of treasury stock;