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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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 Use the Following Cash Receipts Journal to Record the Preceding