On August 2, Jun Co. receives a $6,000, 90-day, 12% note from customer Ryan Albany as payment on his $6,000 account receivable. Prepare Jun's journal entry assuming the note is honored by the customer on October 31 of that same year. (Use 360 days a year.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On August 2, Jun Co. receives a $6,000, 90-day, 12% note from customer Ryan Albany as payment on his $6,000 account receivable. Prepare ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
For the past 25 years, sam's family ran movie theatres in a mid-sized metropolitan area. four theatres were located in three different cities, all within 15-20 miles of each other.
Answers (1)
When the auditors cannot satisfy themselves as to the accuracy of ending inventory and a material misstatement may exist, they normally may still give an unqualified opinion on the client's income statement. A) TrueB) False
Answers (1)
Select all that apply. A primary incentive for entrepreneurs is 1: Profit 2: A skill and happy workforce 3: Notoriety 4: Seeing an idea come into being 5: Paying taxes
Answers (1)
Companies such as coca-cola generate more than half their annual revenues from sales outside the united states, including europe. if the dollar gets stronger relative to the euro, what will be the financial impact on the company
Answers (1)
Based on the following data for the current year, what is the number of days' sales in accounts receivable?
Answers (1)
New Questions in Business
U. S. Interest Rates during the Credit Crisis During the credit crisis, U. S. interest rates were extremely low, which enabled businesses to borrow at a low cost.
Answers (1)
The following production data were taken from the records of the finishing department for June:Inventory in process, June 1, 25% completed 1,500 unitsTransferred to finished goods during June 5,000 unitsEquivalent units of production during June
Answers (1)
Your insurance agent is trying to sell you an annuity that costs $75,000 today. By buying this annuity, your agent promises that you will receive payments of $500 per month for 20 years.
Answers (1)
James is an auditory learner. what is the best way for him to process his notes
Answers (2)
Sally is a cash basis taxpayer and a member of the Valley Barter club. This year Sally provided 100 hours of sewing services to the barter club in exchange for two football playoff tickets.
Answers (1)