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Prepare journal entries for the following transactions from Restaurant Depot. Nov. 8 Customer Miles Shandy purchased 250 pans at $40 per pan, costing Restaurant

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Prepare journal entries for the following transactions from Restaurant Depot. Nov. 8 Customer Miles Shandy purchased 250 pans at $40 per pan, costing Restaurant Depot $26 per pan. Terms of the sale are 2/10, n/30, invoice dated November 8. Nov. 17 Miles Shandy pays in full with cash for his purchase of November 8. If an amount box does not require an entry, leave it blank. Round intermediate and final answers to nearest whole dollar. Nov. 8 Sale on credit Accounts Receivable: Shandy Sales Revenue 10,000 10,000 Nov. 8 Cost of sale Cost of Goods Sold 6,500 Merchandise Inventory: Pans 6,500 Nov. 17 Cash Feedback Sales Discounts Accounts Receivable: Shandy

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