Business, 30.05.2020 02:59 honeybaby675610

Bennett Enterprises issues a $400,000, 90-day, 5% note to Spectrum Industries for merchandise inventory. Assume a 360-day year. If an amount box does not require an entry, leave it blank. a. Journalize Bennett Enterprises’ entries to record: the issuance of the note. the payment of the note at maturity. 1. 2. b. Journalize Spectrum Industries’ entries to record: the receipt of the note. the receipt of the payment of the note at maturity. 1. 2.

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Bennett Enterprises issues a $400,000, 90-day, 5% note to Spectrum Industries for merchandise invent...