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Entries for notes payable Bennett Enterprises issues a $780,000,60-day, 6%, note to Spectrum Industries for merchandise inventory. Assume a 360 -day year. If required, round

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Entries for notes payable Bennett Enterprises issues a $780,000,60-day, 6%, note to Spectrum Industries for merchandise inventory. Assume a 360 -day year. If required, round your answers to the nearest doliar.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. b. Journalize Spectrum Industriest entries to record: 1. the receipt of the note. 2. the receipt of the payment of the note at maturity

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