Question: Attempt History nt Attempt in Progress Your answer is partially correct. lita Corporation operates a retail computer store. To improve delivery services to qustomers, the

Attempt History
nt Attempt in Progress
Your answer is partially correct.
lita Corporation operates a retail computer store. To improve delivery services to qustomers, the company purchases four new aks on April 1,2025. The terms of acquisition for each truck are described below.
Truck #1 has a list price of $29,550 and is acquired for a cash payment of $27,383.
Truck #2 has a list price of $31,520 and is acquired for a down payment of $3,940 cash and a zero-interest-bearing note with a face amount of $27,580. The note is due April 1,2026. Bonita would normally have to pay interest at a rate of 9% for such a borrowing, and the dealership has a borrowing rate of 8%.
Truck #3 has a list price of $31,520. It is acquired in exchange for a computer system that Bonita carries in inventory. The computer system cost $23,640 and is normally sold by Bonita for $29,944. Bonita uses a perpetual inventory system.
Truck #4 has a list price of $12,980. It is acquired in exchange for 920 shares of common stock in Bonita Corporation. The stock has a par value per share of $10 and a market price of $13 per share.
epare the appropriate journal entries for the above transactions for Bonita Corporation. (Round present value factors to 5 decimal aces, e..0.52587 and final answers to 2 decimal places, e.s.52.75. Credit occount titles are outomatically indented when amount is entered.
Attempt History nt Attempt in Progress Your

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