Bonita Corporation uses a periodic inventory system and the gross method of accounting for purchase discounts....

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Bonita Corporation uses a periodic inventory system and the gross method of accounting for purchase discounts. (a) On July 1, (1) Bonita purchased $88.000 of inventory, terms 3/10, n/30, FOB shipping point. (2) Bonita paid freight costs of $1.256 (b) On July 3, Bonita returned damaged goods and received credit of $8,800. (c) On July 10, Bonita paid for the goods Prepare all necessary journal entries for Bonita. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) No. Date Account Titles and Explanation (a) (1) July 1 v Cash, Inventory, Wages Payable Accounts Payable (a)(2) July 1 v Freight-In (b) July 3 (c) July 10 Cash Debit 88000 1256 Credit Bonita Corporation uses a periodic inventory system and the gross method of accounting for purchase discounts. (a) On July 1, (1) Bonita purchased $88.000 of inventory, terms 3/10, n/30, FOB shipping point. (2) Bonita paid freight costs of $1.256 (b) On July 3, Bonita returned damaged goods and received credit of $8,800. (c) On July 10, Bonita paid for the goods Prepare all necessary journal entries for Bonita. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) No. Date Account Titles and Explanation (a) (1) July 1 v Cash, Inventory, Wages Payable Accounts Payable (a)(2) July 1 v Freight-In (b) July 3 (c) July 10 Cash Debit 88000 1256 Credit