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On August 2, Jun Company receives a $7,300,90-day, 13.0% note from customer Ryan Albany as payment on his $7,300 account receivable. Prepare Jun's journal entry
On August 2, Jun Company receives a $7,300,90-day, 13.0% note from customer Ryan Albany as payment on his $7,300 account receivable. Prepare Jun's journal entry assuming the note is honored by the customer on October 31 of that same year. Note: Do not round intermediate calculations. Round your answers to nearest whole dollar value. Use 360 days a year
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