Bennett Enterprises issues a $708,000, 30-day, 9%, 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 req a. Journalize Bennett Enterprises' entries to record: 1. the issuance of the note. 2. the payment of the note at maturity. 1. Inventory 708,000 Notes Payable 708,000 708,000 2. Notes Payable Interest Expense Cash Feedback Check My Work b. Journalize Spectrum Industries' entries to record: 1. the receipt of the note. 2. the receipt of the payment of the note at maturity. 1. Notes Receivable 708,000 Sales 708,000 2. Cash Notes Receivable Interest Revenue