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Monty Inc. sells portable computer equipment with a two$-$year warranty contract that requires the corporation to replace defective parts and provide the necessary repair labour. During $2023,$ the corporation sells for cash $380$ computers at a unit price of $$2,370.$ Ignore any cost of goods sold. Based on experience, the two$-$year warranty costs are estimated to be $$150$ for parts and $$196$ for labour per unit. $($For simplicity, assume that all sales occurred on December $31,2023.)$ The warranty is not sold separately from the equipment, and no portion of the sales price is allocated to warranty sales. Monty follows ASPE.

$($a$)$

Record the $2023$ journal entry, assuming the cash basis is used to account for the warranties. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$