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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 receivable. Prepare Jun's journal
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 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 View journal entry worksheet No 1 Date Oct 31 General Journal Cash Notes receivable-R. Albany Interest revenue Debit Credit
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