Entries for notes payableBull City Industries is considering issuing a $100,000, 7% note to a creditor on account.Assume a 360-day year. 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.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.

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. 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. 2. 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. 2