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Bennett Enterprises issues a $804,000,60-day, 9%, note to 5 pectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your answers to the

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Bennett Enterprises issues a $804,000,60-day, 9%, note to 5 pectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your answers to the nearest dollar. If an amount box does not require an entry, leave it blank. a. Journalize Bennett Enterprises' entries to record: 1. the issuance of the note. Fentack v Check Mr Work If you were the borrower how much would you be leaving Spectrum tndustries with in proceeds? What does the liability always have to be recorded at? b. Joumalize Spectrum Industries' entries to record: 1. the receipt of the note. 2. the receipt of the payment of the note at maturity. Fendoack Thock My Work As the lender what have you earned by doing business with Bennett Enterprises? As the lender what will you be receiving on the maturity date

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