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Jul. 5 Sold merchandise inventory for cash, $ 2 , 6 0 0 . Cost of goods, $ 2 , 1 0 0 . Jul.

Jul. 5 Sold merchandise inventory for cash, $2,600. Cost of goods, $2,100.
Jul. 12 Collected interest revenue of $2,200.
Jul. 18 Received cash from Hadden Nape, $800, on account. There was no discount.
Jul. 29 Received $5,400 from Megan Doll in full settlement of his account receivable including sales discounts forfeited of $25.Jul. 5 Sold merchandise inventory for cash, $2,600. Cost of goods, $2,100.
Jul. 12 Collected interest revenue of $2,200.
Jul. 18 Received cash from Hadden Nape, $800, on account. There was no discount.
Jul. 29 Received $5,400 from Megan Doll in full settlement of his account receivable including sales discounts forfeited of $25.
Use the following cash receipts journal to record the transactions. (If a box is not used in the journal leave the box empty; do not select any information and do not enter a zero. Abbreviations used: Disc. = Discounts, Forfeit. = Forfeited; Rec. = Receivables, Rev. = Revenue, Accts = Accounts, Inv. = Inventory)
i)(Click the icon to view the transactions.)
\table[[Cash Receipts Journal,],[Date,Account Credited,\table[[Post.],[Ref.]],Cash DR,\table[[Accounts],[Rec. CR]],\table[[Sales],[Rev. CR]],\table[[Sales Disc.],[Forfeit. CR]],\table[[Other],[Accts CR]],\table[[Cost of],[Goods Sold],[DR],[Merchandise],[Inv. CR]]],[2024],[Jul.,,,,,,,,],[,,,,,,,,],[,,,,,,,,],[,,,,,,,,],[,,,,,,,,]]
Jul. 5 Sold merchandise inventory for cash, $2,600. Cost of goods, $2,100.
Jul. 12 Collected interest revenue of $2,200.
Jul. 18 Received cash from Hadden Nape, $800, on account. There was no discount.
Jul. 29 Received $5,400 from Megan Doll in full settlement of his account receivable including sales discounts forfeited of $25.
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