Northern's Company manufactures and sells commercial ovens. It is currently running a promotion in which it pays a $750 rebate to any customer that purchases an oven from one of its participating dealers. The rebate must be returned within 60 days of purchase. Given its historical experience and the ease of obtaining a rebate, Northern's expects all qualifying customers will receive the rebate.

Required: Prepare the journal entry to record the sale of an oven to a participating

dealer for $8,000.