Question: 3.Pedroni Enterprises issues a $260,000, 45 day 5 % note to Zorzi Industries for merchandise inventory a.Journalize Pedroni Enterprises entries to record: 1.The issuance of

3.Pedroni Enterprises issues a $260,000, 45 day 5 % note to Zorzi Industries for merchandise inventory

a.Journalize Pedroni Enterprises entries to record:

1.The issuance of the note

2.The payment of the note at maturity

b.Journalize Zorzi Industries entries to record:

1.The receipt of the note

2.Receipt of the payment of the note at maturity

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