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Bonita Corporation sold goods to Rice Decorators for $67,500 on September 1, 2020, accepting Rice's $67,500, 6-month, 6% note. Prepare Bonita's September 1 entry, December
Bonita Corporation sold goods to Rice Decorators for $67,500 on September 1, 2020, accepting Rice's $67,500, 6-month, 6% note. Prepare Bonita's September 1 entry, December 31, annual adjusting entry, and March 1 entry for the collection of the note and interest. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit
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