On August 2, Jun Company receives a $7,600, 90-day, 14.5% note from customer Ryan Albany as payment on his $7,600 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. View transaction list Journal entry worksheet

On August 2, Jun Company receives a $7,600,90-day, 14.5% note from customer Ryan Albany as payment on his $7,600 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