Question: Bennett Enterprises issues a $400,000, 90-day, 5% note to Spectrum Industries for merchandise inventory. a. Journalize Bennett Enterprises' entries to record: 1. The issuance of

Bennett Enterprises issues a $400,000, 90-day, 5% note to Spectrum Industries for merchandise inventory.
a. Journalize Bennett Enterprises' entries to record:
1. The issuance of the note.
2. The payment of the note at maturity.
b. Journalize Spectrum Industries' entries to record:
1. The receipt of the note.
2. The receipt of the payment of the note at maturity?

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