Question: On August 2, 2011, Passat Co. receives a $9,000, 90-day, 6% note from customer Dee Kissick as payment on her $9,000 account. Prepare Passats journal

On August 2, 2011, Passat Co. receives a $9,000, 90-day, 6% note from customer Dee Kissick as payment on her $9,000 account. Prepare Passat’s journal entries for August 2 and for the note’s maturity date assuming the note is honored by Kissick.

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