(SOLVED)- On August 2 2015 Jun Co receives a 6 000 90 day


Question Description:

$19

On August 2, 2015, Jun Co. receives a $6,000, 90-day, 12% note from customer Ryan Albany as payment on his $6,000 account.
(1) Compute the maturity date for this note.
(2) Prepare Jun’s journal entry for August 2.

Answer

$19