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# 4 - a - 5 points Laughlin Enterprises issues a $ 1 3 0 , 0 0 0 , 4 5 - day, 6
#a points
Laughlin Enterprises issues a $day, 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.
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