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Prepare the necessary journal entries for bonita computers

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Presented below is information from Bonita Computers Incorporated.

July 1Sold $21,200 of computers to Robertson Company with terms 3/15, n/60. Bonita uses the gross method to record cash discounts. Bonita estimates allowances of $1,378 will be honored on these sales.

10 Bonita 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 of 2/10, n/30.30The Clark Store paid Bonita for its purchase of July 17.

Prepare the necessary journal entries for Bonita Computers

Reference no: EM132385797

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