On December 31, 2023, Crane Company sells production equipment to Windsor Inc. for $49,500. Crane 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 , 2023. Crane estimates the prices to be $48,700 for the equipment and $800 for the cost of warranty. (a) Your answer is correct. Are the sale of the equipment and the warranty separate performance obligations within the contract? eTextbook and Media List of Accounts Attempts: 2 of 3 used Prepare a single compound journal entry to record this transaction on December 31,2023 . 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 O for the amounts. List all debit entries before credit entries.)