Question: # 4 - a - 5 points Laughlin Enterprises issues a $ 1 3 0 , 0 0 0 , 4 5 - day, 6

#4-a -5 points
Laughlin Enterprises issues a $130,000,45-day, 6% note to Morrison Industries for
merchandise inventory.
a. Journalize Laughlin Enterprises' entries to record:
the issuance of the note.
the payment of the note at maturity.
b. Journalize Morrison Industries' entries to record:
the receipt of the note.
the receipt of the payment of the note at maturity.
#4-a -5 points Laughlin Enterprises issues a $130,000,45-day, 6% note to

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