Question: QS 9-12 Note receivable honored LO P4 On August 2, Jun Co receives a $6,300, 90-day, 13.5% note from customer Ryan Albany as payment on
QS 9-12 Note receivable honored LO P4 On August 2, Jun Co receives a $6,300, 90-day, 13.5% note from customer Ryan Albany as payment on his $6,300 account receivable Prepare Jun's journal entry assuming the note is honored by the customer on October 31 of that same year (Do not round Intermediate calculations. Round your answers to nearest whole dollar value. Use 360 days a year.) View transaction fist Journal entry worksheet Record cash received on note plus interest. Enter debits before credite Date General Journal Debit Credit
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
