- ===-.6roman outstand Alba Abbcc AaB 2 AaBbcod AaBbCcDd AaBbc AaBbcc AaB ABCD Aalbod Abod Abod AabbCebe Aalbod T Normal No Spac... Heading 1 Heading 2 The Sutittle Subtle Em Emphasistent Strong Quote Paragraph Sign in Dind Styles s On October 2, 2020, Bonita Company sold 55,630 of its elite camping Rear with a cost of $3,740) to Lynch Outfitters. As part of the sales agreement, Bonita includes a provision that if Lynch is dissatisfied with the product, Bonita will grant an allowance on the sales price or agree to take the product back (although returns are rare, given the long-term relationship between Bonita and Lynch), Bonita expects total allowances to Lynch to be $820. On October 16, 2020, Bonita grants an allowance of $390 to Lynch because the color for some of the items delivered was a bit different than what appeared in the catalog. Prepare journal entries for Bonita to record (1) the sale on October 2, 2020, (2) the granting of the allowance on October 16, 2020, and, (3) any adjusting required on October 31, 2020 (when Bonita prepares financial statements), Bonita now estimates additional allowances of $260 will be granted to Lynch in the future. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts.) Awi Sx] e