Bonita Industries purchased $13,600 of merchandise on February 1, 2020, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $1,800 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13 - 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 O for the amounts. Round answers to decimal places, e.g. 6,578. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Purchases 13600 Accounts Payable 13600 Accounts Payable Purchase Returns and Allowances Accounts Payable Purchase Discounts Cash 2 :25 PM 2 Assuming that Bonita uses the periodic 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 O for the amounts. Round answers to decimal places, eg. 6,578. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Debit Cre Account Titles and Explanation Inventory Feb. 1 13600 I Accounts Payable Feb.4 V Accounts Payable 1800 Inventory Feb. 13 Accounts Payable Cash Purchase Discounts At what amount would the purchase on February 1 be recorded if the net method were used? (Round answer to o decimal places, e.g. 6,578.) Net price $ e Textbook and Media List of Accounts