AIRBNB INBOX Final Exam Entries for discounted note payable A business issued a 120-day note for $51,000 to a bank. The note was discounted at 7%. Assume a 360 days in a year. a. Journalize the entry to record the issuance of the note. If an amount box does not require an entry, leave it blank. If necessary, round your answers to one decimal place. Account Debit Credit b. Journalize the entry to record the payment of the note at maturity. If an amount box does not require an entry, leave it blank. Account Debit Credit Previous Next