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.

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Federal Government

The national government of a federal country, which typically has authority over national matters, while sharing power with state or provincial governments.

Appeal of the Independent Democrats

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Kansas-Nebraska Act

An 1854 law that created the territories of Kansas and Nebraska, leaving the decision on slavery up to the residents, leading to violent conflict.

Black Refugees

Individuals of African descent who have fled their home countries to escape conflict, persecution, or disasters, seeking safety and protection.