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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
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) (Click the icon to view the transactions.) Cash Receipts Journal Date 2024 Account Credited Post. Ref. Cash DR Accounts Rec. CR Sales Sales Disc. Other Rev. CR Forfeit. CR Accts CR Jul. Help me solve this Etext pages Calculator Page 3 Cost of Goods Sold DR Merchandise Inv. CR O More info Jul. 5 Sold merchandise inventory for cash, $2,000. Cost of goods, $1,900. Jul. 12 Collected interest revenue of $2,250. Jul. 18 Received cash from Helen Nix, $1,150, on account. There was no discount. Jul. 29 Received $5,800 from Max Dill in full settlement of his account receivable including sales discounts forfeited of $35. Print Done Clear all Check
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