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On August 2, Jun Company receives a $6,100, 90 -day, 12.5% note from customer Ryan Albany as payment on his $6,100 account receivable. 1. Compute
On August 2, Jun Company receives a $6,100, 90 -day, 12.5% note from customer Ryan Albany as payment on his $6,100 account receivable. 1. Compute the maturity date for this note. 2. Prepare Jun's journal entry for August 2. Complete this question by entering your answers in the tabs below. Compute the maturity date for this note. Prepare its income statement. On August 2, Jun Company receives a $6,100,90-day, 12.5% note from customer Ryan Albany as payment on his $6,100 account receivable. 1. Compute the maturity date for this note. 2. Prepare Jun's journal entry for August 2. Complete this question by entering your answers in the tabs below. Prepare Jun's journal entry for August 2
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Integrated Audit Practice Case
Authors: David S. Kerr, Randal J. Elder, Alvin A. Arena
6th Edition
0912503564, 9780912503561
