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8 On August 2, Jun Co. receives a $7,000, 90-day, 11.5% note from customer Ryan Albany as payment on his $7,000 account. Prepare Jun's journal
8 On August 2, Jun Co. receives a $7,000, 90-day, 11.5% note from customer Ryan Albany as payment on his $7,000 account. Prepare Jun's journal entry assuming the note is honored by the customer on October 31 of that same year. (Round your answers to nearest whole dollar value. Use 360 days a year.) 1 points View transaction list Skipped Journal entry worksheet eBook Hint Print Record cash received on note plus interest. References Note: Enter debits before credits. Date General Journal Debit Credit Oct 31 Record entry Clear entry View general journal
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