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On August 2, Jun Company recelves a $7,600,90-day, 14.5% note from customer Ryan Albany as paymprt on his $7,800 account recelvable. Prepare Jun's journal entry
On August 2, Jun Company recelves a $7,600,90-day, 14.5% note from customer Ryan Albany as paymprt on his $7,800 account recelvable. Prepare Jun's journal entry assuming the note is honored by the customer on October 31 of that same yeac Note: Do not round intermediate calculations. Round your answers to nearest whole dollar value. Use 360 days a year. Journal entry worksheet Record cash received on note plus interest
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