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Required information The following information spplias fo the questiont dispisyed' beion] Hitzu Compeny sold a copief fthat costs $5,500 f for $11,000 cesh with a
Required information The following information spplias fo the questiont dispisyed' beion] Hitzu Compeny sold a copief fthat costs $5,500 f for $11,000 cesh with a two-yeer parts warranty to a customer on august 16 of Ycar 1 . Hitzu expects warrarty casts ta te 3% of dollar sales. It records wastarty experes with am adjusting ertry on December 31. On January 5 of Year 2 , the copler requires on-site repairs that are completed the same day, The repeirs cost 5106 for materials taken from the parts inventory. These ere the only repeirs required in Yee Z for this copier. Analyze cech of the following transactions: (a) the copier's salex (b) the adjustmant to recagnize the war arty expense di December 31 of Year 1 ; and c the repeirs that occur on January 5 of Year 2 , Show each transection's elfect on the eccounthg equation-specit cally. dentify the eccounts end amounts including + or for each. (Enter all amounts as positive value.) Required information The following information spplias fo the questiont dispisyed' beion] Hitzu Compeny sold a copief fthat costs $5,500 f for $11,000 cesh with a two-yeer parts warranty to a customer on august 16 of Ycar 1 . Hitzu expects warrarty casts ta te 3% of dollar sales. It records wastarty experes with am adjusting ertry on December 31. On January 5 of Year 2 , the copler requires on-site repairs that are completed the same day, The repeirs cost 5106 for materials taken from the parts inventory. These ere the only repeirs required in Yee Z for this copier. Analyze cech of the following transactions: (a) the copier's salex (b) the adjustmant to recagnize the war arty expense di December 31 of Year 1 ; and c the repeirs that occur on January 5 of Year 2 , Show each transection's elfect on the eccounthg equation-specit cally. dentify the eccounts end amounts including + or for each. (Enter all amounts as positive value.)
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