BonitaInc. sells storage structures of various sizes to homeowners and businesses.

Respond to the requirements related to the following independent revenue arrangements forBonitaproducts and services.

Bonitaoffers building R400, mainly to homeowners.Bonitawill also install the building for the customer. The price forBonitato deliver and install an R400 is $5,800. On a standalone basis, the building sells for $5,600(cost $3,900), andBonitaestimates that the standalone selling price of the installation service (based on cost-plus estimation) is $500. (The selling of the building and the installation services are considered two performance obligations.)Bonitasigned18contracts to deliver and install R400s on April 5, 2017. Customers paid the contract price in cash. The buildings were delivered and installed during May 2017. Prepare journal entries forBonitafor R400 in April and May 2017.(Round intermediate calculations to 6 decimal places, e.g. 1.246871 and final answers to 0 decimal places, e.g. 5,125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Bonita Inc. sells storage structures of various sizes to homeowners and businesses. Respond to the requirements related to the following independent revenue arrangements for Bonita products and services. Bonita offers building R400, mainly to homeowners. Bonita will also install the building for the customer. The price for Bonita to deliver and install an R400 is $5,800. On a standalone basis, the building sells for $5,600 (cost $3,900), and Bonita estimates that the standalone selling price of the installation service (based on cost-plus estimation) is $500. (The selling of the building and the installation services are considered two performance obligations.) Bonita signed 18 contracts to deliver and install R4005 on April 5, 2017. Customers paid the contract price in cash. The buildings were delivered and installed during May 2017. Prepare journal entries for Bonita for R400 in April and May 2017. (Round intermediate calculations to 6 decimal places, eg. 1.2468 71 and nal answers to 0 decimal places, eg. 5,125. Credit account titles are automatically indented when amount is entered. Do not indent manually. lf no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Apr. 5, 2017 \fIn June 2017, a single commercial customer orders 50 M612 storage units, priced at $10,600 each (with a cost per unit of $7,000). Bonita provides customers ordering more than 20 M612 units during a 12-month period a 4% volume discount on their entire order. On July 19,2017, Bonita delivered all 50 M612 units. Bonita received payments for the units on August 5, 2017. Prepare the journal entries for Bonita on July 19, 2017 and August 5, 2017. Assume the company records sales tra ns action net. (Credit account titles are automatically indented when amount is entered. Do not indent manually. if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Q%g %% (To record sales) %% (To record cost of goods sold) %% On September 1, 2017, Bonita sold one of its storage units designed to be safe for hazardous materials to a manufacturer. Bonita accepted a 4-year, zero-interest-bearing note with face amount of $90,058. The storage unit has an inventory cost of $32,200. An interest rate of 9% is an appropriate market rate of interest for this customer. Prepare the journal entries on September 1, 2017, and December 31, 2017. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to O decimal places e.g. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold)