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Requlred informetion The folowing information applies to the questions alsollyed below? Hitzu Company sold a copier ithat costs 54,500 ) for $9000 cash with a
Requlred informetion The folowing information applies to the questions alsollyed below? Hitzu Company sold a copier ithat costs 54,500 ) for $9000 cash with a two-year parts warranty to a cusiomer on August 16 of Year 1. Hitu expects warrenty costs to be 4% of dollar sales it records waranty expense whth an adjusting etity on December 31 On Jonuay 5 of Year 2 the copier requies on-site repies that are completed the same day. The tepars cost $133 for materiak taken from the ports inventory. These are the only repairs required in Year 2 lor this copier Analyze each of the following transactions (o) the copier's sale:(b) the ad, ustinent to recogrize the waranty expense on December 31 of Year 1 and (c) the repains that occur on Janusy 5 of Year 2 . Show esch trensaction's effect co the accouating equabion-specicaliy iflentify the occounts and amounts including + or -1 for each Note: Enter all smeunts as positive value
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