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Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed bolow.) Hitzu Company sold a copier (that costs

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Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed bolow.) 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 4% of dollar sales. It records warranty expense with an adjusting entry on December 31 On January 5 of Yeat 2, the copier requires on-site repairs that are completed the same day. The repairs cost $133 for materials taken from the parts inventory. These are the only repairs required in Year 2 for this copier. kercise 9.13 (Algo) Financial statement impact of warranty transactions LO P4 1alyze each of the following transactions; (a) the copier's sale; (b) the adjustment to recognize the warranty expense on December 31 Year 1; and (c) the repaits that occur on January 5 of Year 2. Show each transaction's effect on the accounting equation-5pecifically, entify the accounts and amounts fincluding + or ) for each. ote: Enter all amounts as positive value

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