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Hitzu Company sold a copier $($that costs $$3,500)$ for $$7,000$ cash with a two$-$year parts warranty to a customer on August

$16$ of Year $1.$ Hitzu expects warranty costs to be $4\%$ 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 $$97$ for materials taken from the repair parts inventory. These are the only repairs required in Year $2$ for this copier.

Analyze 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.