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DK Enterprises issues a 30-day note for $700,000 to Shine Industries for inventory. Shine Industries discounts the note at 5% 2. Prepare the Journal Entries

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DK Enterprises issues a 30-day note for $700,000 to Shine Industries for inventory. Shine Industries discounts the note at 5% 2. Prepare the Journal Entries for DK Enterprises to record: The issuance of the note The payment of the note upon maturity a. b. Prepare the Journal Entries for Shine Industries to record a. The receipt of the note b. The receipt of the payment of the note upon maturity

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