On July 10, 2020, Bonita Led. sold GPS systems to retailers on account for a selling price of $740,000 (cost $592,000). Bonita grants the right to return systems that do not sell in three months following delivery. Past experience indicates that the normal return rate is 15%. By October 11, 2020, retailers returned systems to Bonita and were granted credits of $72,000. The company follows IFRS. Prepare Bonita's journal entries to record the sale on July 10, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit July 10, 2020 [To record sale) July 10, 2020 (To record cost of goods sold) eTextbook and Media List of Accounts Prepare Bonita's journal entries to record the $72,000 of actual returns on October 10, 2020. (Hint: Use Accounts Payable for the amount returned.) (Credit account titles are automatically indented when the 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 October 10. 2020 [To record returns from customers) October 10