Entries for notes payable Bennett Enterprises issues a $456,000, 60-day, 7%, note to Spectrum 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. 1. the issuance of the note. 2. the payment of the note at maturity. 2. b. Journalize Spectrum Industries' entries to record: 1. 1. the receipt of the note.. 2. the receipt of the payment of the note at maturity. 2.