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Hitru Company sold a copler (that costs $4,500 ) for $9,000 cash with a twoyear parts warranty to a customer on August 16 of Year

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Hitru Company sold a copler (that costs $4,500 ) for $9,000 cash with a twoyear parts warranty to a customer on August 16 of Year 1 . Hitzu expects warranty cests to be 5% of dollar sales. It records warranty expense with an adjusting entry on. December 31. On January 5 of Year 2, the copier requires onsite repairs that are completed the same day. The repairs cost $116 for materials taken from the parts inventory. These are the only repairs required in Year 2 for this copier. Exercise 9-13 (Algo) Financial statement impact of warranty transactions LO P4 Analyze each of the folowing transacticos: (a) the copier's saie: (o) the acjustment to recognize the warracty expense on December 31 of Year 1 ; and (c) the repairs that occur on January 5 of Yoar 2 . Show each transaction's effect on the accounting equation-specifically. idently the accounts and amounts (including + of 1 for each, (Enter all ameunts as positive value.)

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