Answer and Explanation:
The journal entries are shown below:
For the month of July
Cash $540 $710 - $170)
To Accounts Payable $540
(Being the payment received is recorded)
Bank service charges $20
To Cash $20
(Being the service charges is paid for cash is recorded)
Only these two entries are recorded
All other transactions are to be ignored
where's the graph? i need to see the image of the graph for me to be able to answer your question.
Extended warranties are policies that extend the warranty period for consumer goods in excess of what is provided by the manufacturer.
<h3>What do you mean by extended warranty?</h3>
An extended warranty is the service insurance or contract that is offered to any individual apart from the standard warranty as an addition.
It acts as a warranty that can run for a longer period of time than is offered by a third party.
This warrant costs extra besides the normal warranty that is provided for any unpredictable and expensive repairing work.
It provides a warranty to cars, bikes, and many more which can be purchased by the consumer as per their will.
Thus, an extended warranty is a warranty that is often offered not through the manufacturer but instead through a third party.Option B is the correct answer.
To learn more about extended warranty, refer:
brainly.com/question/4308070