Presented below are transactions related to Bonita, Inc. May 10 Purchased goods billed at $11,500 subject to cash discount terms of 2/10, n/60. Purchased goods billed at $13,000 subject to terms of 1/15, n/30. 11 19 Paid invoice of May 10. 24 Purchased goods billed at $14,000 subject to cash discount terms of 2/10, n/30. (b) Assuming no purchase or payment transactions other than those given above, prepare the adjusting entry required on May 31 if financial statements are to be prepared as of that date. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.) Date Account Titles and Explanation May 31 Debit Credit