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Required information [The following information applies to the questions displayed below) Hitzu Company sold a copier (that costs $4.500) for $9,000 cash with a
Required information [The following information applies to the questions displayed below) Hitzu Company sold a copier (that costs $4.500) for $9,000 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 waranty 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 repaes cost $144 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 Slate August 16 As August 16 December 31 January 5 Oppity
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