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Entries for notes payable Bennett Enterprises issues a $960,000,45-day, 7%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your

image text in transcribedimage text in transcribed Entries for notes payable Bennett Enterprises issues a $960,000,45-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. the issuance of the note. b. Journalize Spectrum Industries' entries to record: 1. the receipt of the note. 2. the receipt of the payment of the note at maturity

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