On December 31, 2020, Novak Company sells production equipment to Fargo Inc. for $69,000. Novak includes a 1-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on December 31, 2020. Novak estimates the prices to be $67,140 for the equipment and $1,860 for the cost of the warranty. (a) Prepare the journal entry to record this transaction on December 31, 2020 (assuming financial statements are prepared on December 31, 2020). (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 O for the amounts.) Account Titles and Explanation Debit Credit