Prepare the necessary journal entries for bonita computers

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Reference no: EM132973611

Question: Presented below is information from Bonita Computers Incorporated.

July 1Sold $16,000 of computers to Robertson Company with terms 3/15, n/60. Bonita uses the gross method to record cash discounts. Bonita estimates allowances of $1,040 will be honored on these sales.

10Bonita received payment from Robertson for the full amount owed from the July transactions.17Sold $160,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30.30The Clark Store paid Bonita for its purchase of July 17.

Prepare the necessary journal entries for Bonita Computers. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Reference no: EM132973611

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