Hitzu Company sold a copier $($that costs $$5,500)$ for $$11,000$ cash with a two$-$year parts warranty to a customer on August $16$ of Year $\mathrm{}$

$1.$ Hitzu expects warranty costs to be $6\%$ of dollar sales. It records warranty expense with an adjusting entry on December $31.$ On January $5$ of Year $2,$ the copier requires on$-$site repairs that are completed the same day. The repairs cost $$92$ for materials taken from the parts inventory. These are the only repairs required in Year $2$ for this copier. 

 

Analyze each of the following transactions: $$

$($a$)$ the copier$$s sale; $$

$($b$)$ the adjustment to recognize the warranty expense on December $31$ of Year $1$; and $($c$)$ the repairs that occur on January $5$ of Year

 $2.$ Show each transaction$$s effect on the accounting equation$$specifically$,$ identify the accounts and amounts $($including $+$ or $)$ for each. 

 

Note: Enter all amounts as positive value.