On August 2, Jun Co. receives a $6,900, 90-day, 11.0% note from customer Ryan Albany as payment on his $6,900 account receivable. Prepare Jun's journal entry assuming the note is honored by the customer on October 31 of that same year (Do not intermediate calculations. Round your ancun

On August 2, Jun Co. receives a $6,900, 90-day, 11.0% note from customer Ryan Albany as payment on his $6,900 account receivable. Prepare Jun's journal entry assuming the note is honored by the customer on October 31 of that same year (Do not intermediate calculations. Round your ancun

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 9RE: Refer to RE6-8. On April 23, 2020, McKinncy Co. receives a check, from Mangold Corporation for...

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On August 2, Jun Co. receives a $6,900, 90-day, 11.0% note from customer Ryan Albany as payment on his $6,900 account receivable.
Prepare Jun's journal entry assuming the note is honored by the customer on October 31 of that same year (Do not
intermediate calculations. Round your ancun

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