Bennett Enterprises issues a $$550,000,90-$day, $4\%$ note to Spectrum Industries for merchandise inventory.

Required:

A$.$ Journalize Bennett Enterprises' entries to record $($refer to the company's Chart of Accounts for exact wording of account

the issuance of the note.

the payment of the note at maturity. Assume a $360-$day year.

Journalize Spectrum Industries' entries to record $($refer to the company's Chart of Accounts for exact wording of account tit

the receipt of the note.

the receipt of the payment of the note at maturity. Assume a $360-$day year.