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Aequired information Use the following information for the Exercises below, (Algo) Phe following intormacion applies to the questons duplayed below] Hutru Company sold a copier
Aequired information Use the following information for the Exercises below, (Algo) Phe following intormacion applies to the questons duplayed below] Hutru Company sold a copier fthat costs $4,500j foe $13,000 cash with a two-year parts wamanty to a customer on Augus: To of Year 1. Hitru expects warranty costs to be 3 of dotar saies. It records wartanty erpense with an odjusting entry on Deceriber Jt On Jstiacy 5 of year 2 the ceplef requlres anshe repairs that are campieted the same day. The repairs cort $142 for materlais taken from the parts inventory. These are the only repoirs requied in Year 2 for thit coplec Exercise 9-13 (Algo) Financlal statement impact of warranty transactions LO PA Anslave each of the folbwing transctons (a) the copler's sale, (b) the sdivement so recognlse the warranty expense on Oecember 31 of Vet t and fc) the iepairs that occur on danuary 5 of Year 2 . Show esch transaction's effect on the accounting eguadas-specifically. Identily the accounts ond amounts including t or -1 for each. (Enter ail amounts os positive value.)
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