On August 2, Jun Company receives a $7,500, 90-day, 14.0% note from customer Ryan Albany as payment on his $7,500 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. Required 1 Required 2 Prepare Jun's journal entry for August 2. View transaction list Journal entry worksheet 1 Record receipt of note on account. Note: Enter debits before credits. Date August 02 General Journal Debit Credit >

On August 2, Jun Company receives a $7,500, 90-day, 14.0% note from customer Ryan Albany as payment on his $7,500 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. Required 1 Required 2 Prepare Jun's journal entry for August 2. View transaction list Journal entry worksheet 1 Record receipt of note on account. Note: Enter debits before credits. Date August 02 General Journal Debit Credit >

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Description: On August 2, Jun Company receives a $7,500, 90-day, 14.0% note from customer Ryan Albany as payment on his $7,500 accountreceivable.1. Compute the maturity date for this note.2. Prepare Jun's journal entry for August 2.Complete this question by ente

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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