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Required information (The following information applies to the questions displayed below) Hitzu Company sold a copier (that costs $4,800 ) for $6,000 cash with a

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Required information (The following information applies to the questions displayed below) Hitzu Company sold a copier (that costs $4,800 ) for $6,000 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 $209 for materials taken from the parts inventory. Those are the only repoirs required in Year 2 far this copler. Analyze each of the following transoctions: (a) the copier's sale; (b) the acjustment 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, dentify the occounts and amounts (including + or ) for each. (Enter all amounts as positive value.) ith a two-year parts warranty to a customer on August : records warranty expense with an adjusting entry on ipairs that are completed the same day. The repairs 1e only repairs required in Year 2 for this copler. justment to recognize the warranty expense on December 31 i transaction's effect on the accounting equation-specifically. nounts as positive value.)

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