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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.
a. October 29.
b. October 30.
c. October 31.
d. November 1.
e. November 2.
2. Prepare Jun?s journal entry for August 2.

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