QS $7-12($Algo$)$ Note receivable LO C$2$

On August $2,$ Jun Company receives a $$6,500,90-$day, $14\mathrm{.}5\%$ note from customer Ryan Albany as payment on his $$6,500$ account

receivable.

Compute the maturity date for this note.

Prepare Jun's journal entry for August $2.$

Complete this question by entering your answers in the tabs below.

Prepare Jun's journal entry for August $2.$

Journal entry worksheet

Record receipt of note on account.

Note: Enter debits before credits.