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Hi, please help with the question below and provided the detailed solution. Thanks. On August 2, Jun Co. receives a $6,600, 90-day, 15.0% note from
Hi, please help with the question below and provided the detailed solution. Thanks.
On August 2, Jun Co. receives a $6,600, 90-day, 15.0% note from customer Ryan Albany as payment on his $6,600 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.) View transaction list Journal entry worksheet Record cash received on note plus interest. Note: Enter debits before credits. Date General Journal Debit Credit Oct 31 Clear entry Record entry View general journalStep by Step Solution
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