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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:
 Jun. 6 Sold merchandise inventory for cash, $2,200. Cost of goods, $1,400.9 Collected interest revenue of $2,350.15 Received cash from Jim Rhodes, $1,100, on account. There was no discount. 27 Received $5,400 from Steve McNeil representing $5,292 he owed plus $108 sales  discount forfeited. \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.


Definitions:

Functionalism

A sociological perspective that interprets each part of society in terms of how it contributes to the stability of the whole society.

Essentialism

The belief in and the practice of recognizing inherent and immutable traits that are believed to define particular categories of people or things.

Biological Differences

Variations in physiological, genetic, and morphological characteristics among individuals or between sexes, races, or species.

Gender Inequality

The unequal treatment or perceptions of individuals based on their gender, manifesting in various aspects of society such as employment, education, and politics.

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