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./1 Question 3 of 25 LUITEN APTUgress Bonita Company uses a perpetual inventory system and made a purchase of merchandise on credit from Sandhill Corporation
./1 Question 3 of 25 LUITEN APTUgress Bonita Company uses a perpetual inventory system and made a purchase of merchandise on credit from Sandhill Corporation on August 3, for $8500, terms 3/10, 1/45. On August 10, Bonita makes the appropriate payment to Sandhill. The entry on August 10 for Bonita Company is 8500 Accounts Payable Cash 8500 8245 Accounts Payable Cash 8245 8500 Accounts Payable Purchase Returns and Allowances 8245 3500 Accounts Payable Inwentory 245
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