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483 Chapter 10 Current Liabilities and Payroll EX 10-2 Entries for discounting notes payable OBJ. 1 Griffin Enterprises issues a $660,000, 45-day, 4% note to

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483 Chapter 10 Current Liabilities and Payroll EX 10-2 Entries for discounting notes payable OBJ. 1 Griffin Enterprises issues a $660,000, 45-day, 4% note to Romo Industries for merchandise inventory a. Journalize Griffin Enterprises' entries to record: 1. the issuance of the note. 2. the payment of the note at maturity. b. Journalize Romo Industries' entries to record: 1. the receipt of the note 2. the receipt of the payment of the note at maturiy

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