Question: Bennett Enterprises issues a $ 6 0 0 , 0 0 0 , 3 0 - day, 6 % , note to Spectrum Industries for

Bennett Enterprises issues a $600,000,30-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.
Question Content Area
a. Journalize Bennett Enterprises entries to record:
the issuance of the note.
the payment of the note at maturity.
1.
Inventory
816,000
0
Notes Payable
0
2.
Notes Payable
Interest Expense
Cash

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