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Can you please show the work and where you got the numbers from? These are selected transactions of Bonita Company. Bonita prepares financial statements quarterly.
Can you please show the work and where you got the numbers from?
These are selected transactions of Bonita Company. Bonita prepares financial statements quarterly. Jan. Feb. Mar. 2 Dec. Dec. 1 31 Apr. July Sept. 30 Oct. 1 1 1 1 31 Purchased merchandise on account from Nunez Company, $23,000, terms 2/10, n/30. (Bonita uses the perpetual inventory system.) Issued a 9%, 2-month, $23,000 note to Nunez in payment of account. Accrued interest for 2 months on Nunez note. Paid face value and interest on Nunez note. Purchased equipment from Marson Equipment paying $11,000 in cash and signing a 10%, 3-month, $62,400 note. Accrued interest for 3 months on Marson note. Paid face value and interest on Marson note. Borrowed $27,600 from the Paola Bank by issuing a 3-month, 8% note with a face value of $27.600. Recognized interest expense for 1 month on Paola Bank note. repare journal entries for the listed transactions and events. (Credit account titles are automatically indented when amount is ntered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Date Jan. 2 Feb, 1 Mar. 31 Debit 100 Credit C Ac Acc Qu Acco View Accom Ques Step by Step Solution
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