Dn August 2, Jun Company recelves a $6,900,90-day, 11.0% note from customer Ryan Albany as...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Dn August 2, Jun Company recelves a $6,900,90-day, 11.0% note from customer Ryan Albany as payment on his $6,900 account eceivable. 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. Journal entry worksheet Record cash received on note plus interest. Note: friser debits betore credits
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
