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Business, 03.01.2020 01:31 Tabithaharjo6

Hitzu co. 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 repair parts inventory. these are the only repairs required in year 2 for this copier. how much warranty expense does the company report for this copier in year 17

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Hitzu co. sold a copier (that costs $4,800) for $6,000 cash with a two-year parts warranty to a cust...
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