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

Essay

Bronze Corporation had the following transactions:
$$\begin{array} { | l | l | } \hline \text { Jun. } 6 & \text { Sold merchandise inventory for cash, } \$ 2,200 \text {. Cost of goods, } \$ 1,400 . \\\hline 9 & \text { Collected interest revenue of } \$ 2,350 . \\\hline 15 & \text { Received cash from Jim Rhodes, } \$ 1,100 \text {, on account. There was no discount. } \\\hline 27& \begin{array} { l } \text { Received } \$ 5,400 \text { from Steve McNeil representing } \$ 5,292 \text { he owed plus } \$ 108 \text { sales discount } \\\text { forfeited. }\end{array} \\\hline\end{array}$$ Use the following cash receipts journal to record the preceding transactions. The company uses the perpetual inventory system.