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Bronze Company Had the Following Transactions Use the Following Cash Receipts Journal to Record the Preceding

question 124

Essay

Bronze Company had the following transactions:
$\begin{array} { | l | l | } \hline \text { Jun. } 6 & \text { Sold merchandise inventory for cash, } \$ 2,200 \text {. Cost of goods, } \$ 1,400 . \\\hline 9& \text { Collected interest revenue of } \$ 2,350 . \\\hline15 & \text { Received cash from Jim Rhodes, } \$ 1,100 \text {, on account. There was no discount. } \\\hline 27 & \begin{array} { l } \text { Received } \$ 5,400 \text { from Steve McNeil representing } \$ 5,292 \text { he owed plus } \$ 108 \text { sales } \\\text { discount forfeited. }\end{array} \\\hline\end{array}$ Use the following cash receipts journal to record the preceding transactions.The company uses the perpetual inventory system.
$Bronze Company had the following transactions: \begin{array} { | l | l | } \hline \text { Jun. } 6 & \text { Sold merchandise inventory for cash, } \$ 2,200 \text {. Cost of goods, } \$ 1,400 . \\ \hline 9& \text { Collected interest revenue of } \$ 2,350 . \\ \hline15 & \text { Received cash from Jim Rhodes, } \$ 1,100 \text {, on account. There was no discount. } \\ \hline 27 & \begin{array} { l } \text { Received } \$ 5,400 \text { from Steve McNeil representing } \$ 5,292 \text { he owed plus } \$ 108 \text { sales } \\ \text { discount forfeited. } \end{array} \\ \hline \end{array} Use the following cash receipts journal to record the preceding transactions.The company uses the perpetual inventory system.$

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