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

$5. Bennett Enterprises issues a $400,000,90-day, 5\% note to Spectrum Industries$

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

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