Bennett Enterprises issues a $420,000, 45-day, 6%, note to Spectrum Industries for merchandise inventory Assume a 360-day year. If required, round your answers to the nearest dollar. If an amount box does not require an entry, leave it blank. a. Journalize Bennett Enterprises' entries to record: 1. the issuance of the note. 2. the payment of the note at maturity, 1. Inventory 120,000 Notes Payable 120,000 2. Notes Payable 120,000 Interest Expense 3,150 Cash 123,150 Feet Check My W If you were the borrower how much would you be leaving Spectrum Industries with in proceedu? What does the liability always have to b. Journalize Spectrum Industriellentries to recordi 2. the receipt of the note 2. the receipt of the payment of the note at maturity Notes Receivable 120.000 Sales 120.000 2. Cash 12:11 Notes Receivable Accounting numeric field Interest Revenue Check My Work