On August 2, Jun Co. receives a $7,600, 90-day, 14.5% note from customer Ryan Albany as...
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On August 2, Jun Co. receives a $7,600, 90-day, 14.5% note from customer Ryan Albany as payment on his $7,600 account receivable. Prepare Jun's journal entry assuming the note is honored by the customer on October 31 of that same year. (Do not round intermediate calculations. Round your answers to nearest whole dollar value. Use 360 days a year.) View transaction list Journal entry worksheet 1 Record cash received on note plus interest. Note: Enter debits before credits. Date Oct 31 General Journal Debit Credit Record entry Clear entry View general journal On August 2, Jun Co. receives a $7,600, 90-day, 14.5% note from customer Ryan Albany as payment on his $7,600 account receivable. Prepare Jun's journal entry assuming the note is honored by the customer on October 31 of that same year. (Do not round intermediate calculations. Round your answers to nearest whole dollar value. Use 360 days a year.) View transaction list Journal entry worksheet 1 Record cash received on note plus interest. Note: Enter debits before credits. Date Oct 31 General Journal Debit Credit Record entry Clear entry View general journal
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