Ramsey Company issues an $$800,000,45-$day note to Buckner Company for merchandise inventory. Buckner discounts the note at $7\%.$

Assume a $360-$day year. If an amount box does not require an entry, leave it blank.

a$.$ Journalize Ramsey's entries to record:

the issuance of the note.

the payment of the note at maturity.

b$.$ Journalize Buckner's entries to record:

the receipt of the note.

the receipt of the payment of the note at maturity.