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Hitzu Co. sold a copier costing $4,800 with a two-year parts warranty to a customer the perpetual inventory system. On November 22, 2018, the copier

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Hitzu Co. sold a copier costing $4,800 with a two-year parts warranty to a customer the perpetual inventory system. On November 22, 2018, the copier requires on-site repairs that are completed the same day. The on August 16, 2012, for $6,000 cash. Hitzu uses repairs cost $209 for materials taken from the repair par nvetonoleales.t records warranty expense with an adjusting entryt on experience, Hitzu expects to incur warranty co the end of each year. ased sts equal to 4% of dollar sales. It records warranty expense with an adjusting entry at 1. How much warranty expense does the company report in 2017 for this copier? 2. How much is the estimated warranty liability for this copier as of December 31, 2017? 3. How much warranty expense does the company report in 2018 for this copier? score answer > Prev 3 of 4 4. How much is the estimated warranty liability for this copier as of December 31, 2018? 5. Prepare journal entries to record (e) the copier's sale (b) the adjustment on December 31.2017 to recognize the warranty expense and (c) the repairs that occur in November 2018. View transaction list Journal entry worksheet 2 Record the sale of a copier for $6,000 cash. Note: Enter debits before credits. Debit Credit General Journal Aug 16, 2017

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