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Bonita Industries purchased $ 1 3 , 8 0 0 of merchandise on February 1 , 2 0 2 5 , subject to a trade
Bonita Industries purchased $ of merchandise on February subject to a trade discount of and with credit terms of It returned $gross price before trade or cash discount on February The invoice was paid on February a Your answer is partially correct. Assuming that Bonita uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. If no entry is required, select No entry" for the account titles and enter for the amounts. Round answers to decimal places, eg Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. Date Account Titles and Explanation Debit Credit Purchases Accounts Payable Accounts Payable Cash
Bonita Industries purchased $ of merchandise on February subject to a trade discount of and with credit terms of It returned $gross price before trade or cash discount on February The invoice was paid on February
a
Your answer is partially correct.
Assuming that Bonita uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. If no entry is required, select No entry" for the account titles and enter for the amounts. Round answers to decimal places, eg Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.
Date
Account Titles and Explanation
Debit
Credit
Purchases
Accounts Payable
Accounts Payable
Cash
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