(Answered) Problem - note receivableon august 2 jun co receives a 6800

Accounting

Problem - Note receivable

On August 2, Jun Co. receives a $6,800, 90-day, 12% note from customer Ryan Albany as payment on his $6,800 account.

1. Compute the maturity date for the above note.

October 29
October 30
October 31
November 1
November 2

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

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