Question
Presented below is information from Bonita Computers Incorporated. July 1Sold $21,200 of computers to Robertson Company with terms3/15, n/60. Bonita uses the gross method to
Presented below is information from Bonita Computers Incorporated.
July 1Sold $21,200 of computers to Robertson Company with terms3/15, n/60. Bonita uses the gross method to record cash discounts. Bonita estimates allowances of $1,378 will be honored on these sales.
10Bonita received payment from Robertson for the full amount owed from the July transactions.17Sold $212,000 in computers and peripherals to The Clark Store with terms of2/10, n/30.30The Clark Store paid Bonita for its purchase of July 17.
Prepare the necessary journal entries for Bonita Computers
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
