Question: Bennett Enterprises issues a $624,000, 30-day, 8%, note to Spectrum Industries for merchandise inventory Assume a 360-day year. If required, round your answers to the

Bennett Enterprises issues a $624,000, 30-day, 8%, 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 2 b. Journalize Spectrum Industries' entries to record: 1. the receipt of the note 2. the receipt of the payment of the note at maturity

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