Required information Skip to question [The following information applies to the questions displayed below.] Hitzu Company sold a copier (that costs $6,500) for $13,000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitzu expects warranty costs 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 on-site repairs that are completed the same day. The repairs cost $117 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 copiers 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 transactions effect on the accounting equationspecifically, identify the accounts and amounts (including + or ) for each.

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Required information [The following information applies to the questions displayed below.] Hitzu Company sold a copier (that costs $6,500 ) for $13,000 cash with a two-year parts warranty to a customer on August 16 of Year 1 . Hitzu expects warranty costs 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 on-site repairs that are completed the same day. The repairs cost $117 for materials taken from the parts inventory. These are the only repairs required in Year 2 for this copier. alyze each of the following transactions: (a) the copier's sale; (b) the adjustment to recognize the warranty expense on December 31 Year 1; and (c) the repairs that occur on January 5 of Year 2. Show each transaction's effect on the accounting equation-specifically, ntify the accounts and amounts (including + or - ) for each. te: Enter all amounts as positive value. \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Liabilities } & + & & \\ \hline & & + & & \\ \hline & & + & & \\ \hline \end{tabular}