On August 22, 2021, Sandhill Manufacturing sold on account one of its Model S14 bulldozer including a 5-year service contract for $234,000. The stand-alone price of the equipment is $184,800 and the other service contract sells separately for $79,200.

Prepare the appropriate journal entry for the transaction. Ignore cost of goods sold entry.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)