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On July 9, Bonita Company sells goods on credit to Sandhill Company for $4500, terms 2/10, 1/60. Bonita receives payment on July 18. The entry
On July 9, Bonita Company sells goods on credit to Sandhill Company for $4500, terms 2/10, 1/60. Bonita receives payment on July 18. The entry by Bonita on July 18 is: O Cash Sales Discounts Accounts Receivable 90 4500 Cash Sales Discounts Accounts Receivable Cash Accounts Receivable O 4500 Cash Sales Discounts Accounts Receivable 90 4410
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