On December 31, 2020, Carla Vista Company sells production equipment to Tamarisk Inc. for $ 54,300. Carla Vista includes a one-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on December 31, 2020. Carla Vista estimates the prices to be $ 48,500 for the equipment and $ 5,800 for the cost of warranty. Prepare a single compound journal entry to record this transaction on December 31, 2020. Ignore any related 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.)

Account title Debit Credit

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(four entries required)