Metlock Factory provides a $2-$year warranty with one of its products which was first sold in $2025.$ Metlock sold $$1,022,800$ of products subject to the warranty. Metlock expects $$119,130$ of warranty costs over the next $2$ years. In that year, Metlock spent $$63,630$ servicing warranty claims. Prepare Metlock's journal entry to record the sales $($ignore cost of goods sold$)$ and the December $31$ adjusting entry, assuming the expenditures are inventory costs. $($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Date Account Titles and Explanation

Debit

Credit

During $2025$

$($To record payment for warranty costs incurred$)$

$($To record sales$)$

$\frac{12}{31}\frac{?}{25}$