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Current Attempt in Progress These are selected transactions of Bonita Company. Bonita prepares financial statements quarterly. Jan. Feb. Mar. Oct. Dec. 2 Purchased merchandise on
Current Attempt in Progress These are selected transactions of Bonita Company. Bonita prepares financial statements quarterly. Jan. Feb. Mar. Oct. Dec. 2 Purchased merchandise on account from Nunez Company, $36,000, terms 3/10, n/30. (Bonita uses the perpetual inv Issued a 9%, 2-month, $36,000 note to Nunez in payment of account. Apr. July Sept. 30 Dec. 1 31 1 1 Accrued interest for 2 months on Nunez note. Paid face value and interest on Nunez note. Purchased equipment from Marson Equipment paying $12,000 in cash and signing a 10%, 3-month, $63,600 note. Accrued interest for 3 months on Marson note. 1 Paid face value and interest on Marson note. 1 Borrowed $19,200 from the Paola Bank by issuing a 3-month, 8% note with a face value of $19,200. 31 Recognized interest expense for 1 month on Paola Bank note.
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