EX 11-7 Entries for notes payable Bull City Industries is considering issuing a $100,000, 7% note to a creditor on accou a. If the note is issued with a 45-day term, journalize the entries to record OBJ. 1. the issuance of the note. 2. the payment of the note at maturity If the note is issued with a 90-day term, journalize the entries to record: 1. the issuance of the note. b. 2. the payment of the note at maturity