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Entries for notes payable Bennett Enterprises issues a $588,000,60-day, 7%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your

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Entries for notes payable Bennett Enterprises issues a $588,000,60-day, 7%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your answers t 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. 2. the payment of the note at maturity

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