Entries for Notes Payable A business issued a 120-day, 5% note for $88,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Assume a 360-day year. If an amount box does not require an entry, leave it blank. If required, round yours answers to whole dollar. Interest Expense X a. 1,467 Cash X 89,467 X b. Cash x 89,467 Notes Receivable X 88,000 Interest Expense X 1,467 X