ii$.$ Record the payout of the employee's salary with cash on June $1.$

$3.$ Bennett Enterprises issues a $$400,000,90-$day, $5\%$ note to Spectrum Industries for merchandise inventory.

a$.$ Journalize Bennett Enterprises' entries to record:

i$.$ the issuance of the note.

ii$.$ the payment of the note at maturity.

b$.$ Journalize Spectrum Industries' entries to record:

i$.$ the receipt of the note.

ii$.$ the receipt of the payment of the note at maturity.