Analyze the following four scenarios:

$1.$ You bought a new laptop from Apple which cost $$1,000,$ using your credit card.

$2.$ A month later, you paid your credit card bill.

$3.$ After three months, it turned out your laptop was defective. You returned it to Apple and exchanged it for a new one, free of charge.

$4.$ You are afraid this will happen again after the warranty expires; therefore, you purchased AppleCare $($essentially an extended warranty$)$ for $$200$ which gives coverage for the next two years.

For each scenario, record the changes in assets and liability$/$owner$\text{'}$s equity for both parties. You only need to ask yourself four questions, for example, in the first scenario: what happens to my assets? What happens to my liability? What happens to the credit card company's assets? What happens to the credit card company's liability?