Business, 15.04.2020 20:51 haileysolis5

Bennett Enterprises issues a $400,000, 90-day, 5% not on Spectrum Industries for merchandise inventory.

A. Journalize Bennett Enterprises' entrie to record:

1. the issuance of the note.

2. the payment of the note at maturity.

B. Journalize Spectrum Industries' entries to record:

1. the receipt of the note.

2. the receipt of the payment of the note at maturity.

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