KCD Machinery Corporation, a private company following ASPE sold manufacturing equipment for $$2,200$ each. Each machine

carried with it a two$-$year warranty against manufacturing defects. From experience, KCD Machinery Corporation determined that

each machine sold would average $$272$ in replacement parts. In $2023,$ the company sold $1,000$ machines. Also, in $2023,$ the company

incurred $$125,000$ in total repair costs $($the cost of replacement parts from inventory$).$ KCD Machinery Corporation also sold an

extended warranty for its machines. For $$520,$ customers could purchase an extended warranty that extended the warranty on the

machine for an additional two years. $800$ of the customers that bought machines also purchased the extended warranty. Assume the

revenue is earned evenly over the two$-$year contract.

Prepare the journal entry to record the sale of the machines and extended warranties for cash. $($Ignore any cost of goods sold

entry$).($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before

credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit