#$4-$a $-5$ points

Laughlin Enterprises issues a $$130,000,45-$day, $6\%$ note to Morrison Industries for

merchandise inventory.

a$.$ Journalize Laughlin Enterprises' entries to record:

the issuance of the note.

the payment of the note at maturity.

b$.$ Journalize Morrison Industries' entries to record:

the receipt of the note.

the receipt of the payment of the note at maturity.