On July 10, 2020, Bonita Ltd. sold GPS systems to retailers on account for a selling price of $1,020,000 (cost $816,000). 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 $86,000. The company follows ASPE. 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.) Account Titles and Explanation Debit Credit Date July 10, 2020 (To record sale on account) July 10, 2020 (To accrue for sales returns) July 10, 2020 (To record cost of goods sold) Prepare Bonita's journal entries to record the $86,000 of actual returns on October 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.) Account Titles and Explanation Debit Credit Date October 10, 2020 (To record return from customer) October 10, 2020 (To record return of inventory) October 10, 2020 (To adjust allowance for sales return and allowances for the end of right of return) October 10, 2020 (To adjust cost of goods sold for end of right of return)