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  3. on august 2, jun co. receives a $6,500, 90-day, 14

On August 2, Jun Co. receives a $6,500, 90-day, 14.5% note from customer Ryan Albany...

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Accounting

On August 2, Jun Co. receives a $6,500, 90-day, 14.5% note from customer Ryan Albany as payment on his $6,500 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.)

Note: Enter debits before credits.
Date General Journal Debit Credit
Oct 31 Cash
Notes receivableR. Albany

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