Current Attempt in Progress

TTD Corp. manufactures a wide range of equipment. The company's biggest seller is the Whatchamacallit, which sells for $$4,520$ each. Starting in $2023$ each Whatchamacallit now carries with it a two$-$year warranty against manufacturing defects. In addition to this warranty, customers can purchase an optional extended warranty for $$1,700$ extra that extends the Whatchamacallit's warranty an additional two years. From experience with similar products, TTD Corp. has determined that each Whatchamacallit sold will average $$920$ in replacement parts $($ignore labour costs for repairs$).$ In $2023,$ the company sells $520$ Whatchamacallits; $210$ of these customers decide to purchase the optional extended warranty. Assume the revenue is earned evenly over the two$-$year contract. Also in $2023,$ the company incurred $$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 creditentries. If