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On August 2 2011 JLK Co receives a $5500 90-day 12% note from customer Tom Menke as payment on his $9000 account Compute the maturity date for this note Prepare JLK’s journal entry

On August 2, 2011, JLK Co. receives a $5,500, 90-day, 12% note from customer Tom Menke as payment on his $9,000 account. (1) Compute the maturity date for this note. (2) Prepare JLK’s journal entry for August 2.

May 22 2020 View more View Less

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