Instructions Chart of Accounts-Ramsey Chart of Accounts-Buckner Ind. HI > Instructions Ramsey Company Issues an $535,000, 45-day note to Buckner Company for merchandise inventory. Buckner discounts the note at 4%. Required: A. Journalize Ramsey's entries to record (refer to the company's Chart of Accounts for exact wording of account titles). 1. the issuance of the note on January 1. 2. the payment of the note at maturity. Assume a 360-day year. B. Journalize Buckner's entries to record (refer to the company's Chart of Accounts for exact wording of account titles): 1. the receipt of the note on January 1. 2. the receipt of the payment of the note at maturity. Assume a 360-day year.Entries for discounting notes payable Instructions Chart of Accounts-Ramsey Chart of Accounts-Buckner Ind. Journal-Ramsey Journal-Buckner Chart of Accounts-Buckner Ind. Journal-Ramsey A. Journalize Ramsey Enterprises' entries to record (refer to the company's Chart of Accounts for exact wording of account titles): 1. the issuance of the note on January 1. 2. the payment of the note at maturity. Assume a 360-day year and round amounts to the nearest whole dollar. JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS Jan. 1 Merchandise Inventory 660,000.00 note payable 660.000.00Entries for discounting notes payable instructions Chart of Accounts-Ramsey Chart of Accounts-Buckner Ind. Journal-Ramsey Journal-Buckner Chart of Accounts-Buckner Ind. X Journal-Ramsey Journal-Buckner B. Journalize Buckner Industries entries to record (refer to the company's Chart of Accounts for exact wording of account titles): 1. the receipt of the note on January 1. 2. the receipt of the payment of the note at maturity. Assume a 360-day year and round amounts to the nearest whole dollar JOURNAL AFFA DATE DESCRIPTION POST. REF. DEBIT CREINT ASSETS