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Laughlin Enterprises issues a $130,000,45-day, 6% note to Morrison Industries for merchandise inventory. Assume a 360-day year. If an amount box does not require an

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Laughlin Enterprises issues a $130,000,45-day, 6% note to Morrison Industries for merchandise inventory. Assume a 360-day year. If an amount box does not require an entry, leave it blank. a. Journalize Laughlin Enterprises' entries to record: 1. the issuance of the note. 2. the Davment of the note at maturitv. b. Journalize Morrison Industries' entries to record: 1. the receipt of the

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