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Prepare the journal entries for white company on june

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Reference no: EM132520451

Question - On June 15, White Company received a $9,300, 90-day, 2% note from Jenkins in payment of its account.

On September 13, Jenkins paid its note in full, including interest.

Required - Prepare the journal entries for White Company on June 15 and September 13.

Note: To simplify the arithmetic in the problem, use 360 days for the number of days in a year.

Reference no: EM132520451

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