Prepare journal entries for the following transactions from Restaurant Depot.Nov. 8 Customer Miles Shandy purchased 200 pans at $35 per pan, costing RestaurantDepot $21 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

Norton Food Wholesale pays all sales representatives 5% commission on the first $20,000 of their individual sales and 8% commission on their individual sales in excess of $20,000 . Assume that Eric Hayes sold merchandise valued at $59,500 during the month of April. Calculate the following amounts. (a) Commission on sales in the sales base: (b) Commission on additional sales: (c) Gross pay:

Josie’s best friend is getting married and she wants to buy her something from her online wedding registry. She wants to buy some sets of dishes (d𝑑) that cost $35$35 each. Because she’s buying online, she must pay a shipping fee of $10$10. Josie wants to spend $150$150 or less. How many sets of dishes can Josie buy?Solution: Josie can buy Answer 1 Question 13 sets of dishes Answer 2 Question 13.

Question 2:The Express Banquet has two restaurants that are open 24-hours a day. Fixed costs for the tworestaurants together total $459,000 per year. Service varies from a cup of coffee to full meals. Theaverage sales check per customer is $8.50. The average cost of food and other variable costs foreach customer is $3.40. The income tax rate is 30%. Target net income is $107,100.Required.1. Compute the revenues needed to earn the target net income.2. How many customers are needed to break even? To earn net income of $107,100?3. Compute net income if the number of customers is 170,000

Uriah owns a café, and they sell lasagna for a lunch time meal. It costs them $30 in raw materials with $25.20 in fixed costs and $4.80 in variable costs per pan to create their lasagna. Uriah used to get 24 pieces per pan, but they decided to reduce the size of the pieces and now can get 40 pieces per pan. They charge $6 per piece. What are their unit costs for the pan with 24 pieces and the pan with 40 pieces?Select answer from the options below$1.67 and $0.34$1.25 and $0.67$1.52 and $0.76$1.25 and $0.75

When Mary Potts arrived at her store on the morning of January 29, she found empty shelves and display racks; thieves had broken in during the night and stolen the entire inventory. Accounting records showed that Potts had inventory costing $60,000 on January 1. From January 1 to January 28, Potts had made net sales of $84,000 and net purchases of $96,000. The gross profit during the past several years had consistently averaged 40 percent of net sales. Potts plans to file an insurance claim for the theft loss.Required:a. Using the gross profit method, estimate the cost of inventory at the time of the theft.