Question: Roseland Design borrowed $700,000 on a 90-day note...

Save Roseland Design borrowed $700,000 on a 90-day note from Adams Funding Company. Adams Funding Company discounts the note at 8%. A) journalize Roselands entries to record: 1. The issuance of the note. 2. The payment of the note at maturity. B) journalize Adams Fundings entries to record: 1. The receipt of the note. 2. The receipt of payment of the note maturity.