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On August 2, Jun Company receives a $7,700,90-day, 15.0% note from customer Ryan Albany as payment on his $7,700 account receivable. 1. Compute the maturity

On August 2, Jun Company receives a $7,700,90-day, 15.0% note from customer Ryan Albany as payment on his $7,700 account receivable. 1. Compute the maturity date for this note. 2. Prepare Jun's journal entry for August 2

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