Roseland Design borrowed $700,000 on a 90-day note from CorpOne Funding Company. CorpOne discounts the note at 8%. (Assume a 360-day year is used for interest calculations.)

Required:

1. Journalize Roseland's entries to record:

a. The issuance of the note.

b. The payment of the note at maturity.

If an amount box does not require an entry, leave it blank.

a.		fill in the blank 5d77effaafe0f83_2	fill in the blank 5d77effaafe0f83_3
		fill in the blank 5d77effaafe0f83_5	fill in the blank 5d77effaafe0f83_6
		fill in the blank 5d77effaafe0f83_8	fill in the blank 5d77effaafe0f83_9
b.		fill in the blank 5d77effaafe0f83_11
			fill in the blank 5d77effaafe0f83_13

2. Journalize CorpOne's entries to record:

a. The receipt of the note.

b. The receipt of the payment of the note at maturity.

If an amount box does not require an entry, leave it blank.

a.		fill in the blank ce060205f01cfe0_2	fill in the blank ce060205f01cfe0_3
		fill in the blank ce060205f01cfe0_5	fill in the blank ce060205f01cfe0_6
		fill in the blank ce060205f01cfe0_8	fill in the blank ce060205f01cfe0_9
b.		fill in the blank ce060205f01cfe0_11
			fill in the blank ce060205f01cfe0_13