RWL Corp. manufactures a wide range of equipment. The company's biggest seller is the Whatchamacallit, which sells for $4,610 each. Starting in 2023 each Whatchamacallit now carries with it a two-year warranty against manufacturing defects. In addition to this warranty, customers can purchase an optional extended warranty for $1,640 extra that extends the Whatchamacallit's warranty an additional two years. From experience with similar products, RWL Corp. has determined that each Whatchamacallit sold will average $900 in replacement parts (ignore labour costs for repairs). In 2023, the company sells 620 Whatchamacallits; 300 of these customers decide to purchase the optional extended warranty. Assume the revenue is earned evenly over the two-year contract. Also in 2023 , the company incurred $165,000 in total repair costs (replacement parts out of inventory). (a) Prepare the journal entry to record the sale of the Whatchamacallits and the extended warranties (sales would take place throughout the year; prepare only one entry at December 31, 2023 for the total sales). Ignore any cost of goods sold entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)