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Required information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below) Htru Company sold o copier

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Required information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below) Htru Company sold o copier that couts $6.500) for $13,000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitru 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 copler requires on-site repairs that are completed the same day. The repairs cost $112 for materials taken from the parts inventory. These are the only repains required in Year 2 for this coplet Exercise 11-13 (Algo) Financial statement Impact of warranty transactions LO P4 Analyze each of the following transactions at the copler's sale; (b) the adjustment to recognize the warranty expense on December 31 of Yeart and is the repairs that occur on January 5 of Year 2. Show each transaction's effect on the accounting equation-specifically, Identify the accounts and amounts including + or -) for each. (Enter all amounts as positive value.) Liabile Equity Date Aug. 16 Aug. 16 Dec 31 Jan

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