Question: Jul 5 Sold merchandise inventory for cash 2 200 Cost of

Jul. 5 Sold merchandise inventory for cash, $2,200. Cost of goods, $2,100.
12 Collected interest revenue of $2,350.
18 Received cash from Henry Nord, $1,100, on account. There was no discount.
29 Received $5,400 from Morgan Dexter in full settlement of his account receivable. Dexter earned a $75 discount by paying early.
Use the following cash receipts journal to record the preceding transactions.

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  • CreatedJune 15, 2015
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