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Study Saved On August 2, Jun Company receives a $7,200,90-day, 12.5% note from customer...

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Accounting

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On August 2, Jun Company receives a $7,200,90-day, 12.5% note from customer Ryan Albany as payment on his $7,200 account receivable.
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
1
Record cash received on note plus interest.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[October 31,,,],[,,,],[,,,],[,,,],[,,,]]
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