Entries for notes payable Bull City Industries is considering issuing a $100,000, 7% note to a creditor on account. Assume a 360-day year. For a compound transaction, if an amount box does not require an entry, leave it blank. a. If the note is issued with a 45-day term, journalize the entries to record: 1. the issuance of the note. 2. the payment of the note at maturity. 1. Accounts Payable Notes Payable 2. Notes Payable 1 111 Interest Expense Cash Feedback Check My Work Partially correct b. If the note is issued with a 90-day term, journalize the entries to record: 1. the issuance of the note. 2. the payment of the note at maturity. 1. Accounts Payable Notes Payable 2. Notes Payable Interest Expense 110 IIII Cash