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The following are selected transactions of Bonita Group. Bonita prepares financlal statements quarterly famounts in thoussondsf. Jan. 2 Purchased merchandise on account from Nan Company.
The following are selected transactions of Bonita Group. Bonita prepares financlal statements quarterly famounts in thoussondsf. Jan. 2 Purchased merchandise on account from Nan Company. w36.000, terms 3/10, n 30 , (Bonita uses the perpetual inve Fitb. 1 tssued a 9%,2-month, w36,000 note to Nan in payment of account. Mar, 31 Accrued interest for 2 months on Nan note. Apr: 1 Paid face value and interest on Nan note. July 1 Purchased equipment from Ji-yoo Equipment paying w12,000 in cash and signing a 10%,3.month, W63,600 note. Sept. 30 Acerued interest for 3 manths on fifyoo note. Oct. 1 Paid face value and interest on Ji-yoo note. Dec. 1 Bocrowed W19,200 from the Wonju Bank ty issuing a 3-month, 8% note with a face value of W19,200. Dec: 31 Recognized interest expense for 1 month on Wonju Bank note Fresented in the problem. If ne eetry it tepuired, select "Na Fnter" for the acceser tifles and enter Post to the accounts Notes Payable, Interest Payable, and Interest Expense. (Post entries in the of journol entries presented in the previous part.)
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