On December $31,2025,$ Crane Company sells production equipment to Ceradyne Inc. for $\backslash$$$69,000.$ Crane includes a $1-$year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on December $31,2025.$ At December $31,2025,$ Crane estimates that $\backslash (\backslash$$ $1,760\backslash )$ of warranty costs will be incurred in the second year of the warranty.

$($a$)$

Prepare the journal entry to record this transaction on December $31,2025.($List all debit entries before credit entries. 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