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) A (Click the icon to view the transactions.) Post. Cash Receipts Journal Accounts Sales Sales Disc. Other Rec. CR Rev. CR Forfeit. CR | Accts CR Page 3 Cost of Goods Sold DR Merchandise Inv. CR Date Account Credited Ref. Cash DR 2018 A More Info Jul. 5 Sold merchandise inventory for cash, $2,600. Cost of goods, $1,300. 12 Collected interest revenue of $2,000. 18 Received cash from Helen Nix, $800, on account. There was no discount. 29 Received $5,800 from Matt Day in full settlement of his account receivable including sales discounts forfeited of $35. [ Print Print Done Done