Chapter 10 Homework Bennett Enterprises issues a $400,000, 90-day, 5% note to Spectrum Industries for merchandise inventory. Required: A. Journalize Bennett Enterprises' entries to record (refer to the company's Chart of Accounts for exact wording of account titles): 1. the issuance of the note. 2. the payment of the note at maturity. Assume a 360-day year. B. Journalize Spectrum Industries' entries to record (refer to the company's Chart of Accounts for exact wording of account titles): 1. the receipt of the note. 2. the receipt of the payment of the note at maturity. Assume a 360-day year. Journal-Bennett Enterprises A. Journalize Bennett Enterprises' entries to record (refer to the company's Chart of Accounts for exa 1. the issuance of the note on January 1. 2. the payment of the note at maturity on April 1. Assume a 360-day year. 2 3 4 5 DATE DESCRIPTION JOURNAL POST. REF. DATE DESCRIPTION 1 2 3 4 5 Journal-Spectrum Industries JOURNAL POST. REF. B. Journalize Spectrum Industries' entries to record (refer to the company's Chart of Accounts for ex 1. the receipt of the note on January 1. 2. the receipt of the payment of the note at maturity on April 1. Assume a 360-day year. DATE DESCRIPTION 1 2 3 4 5 JOURNAL POST. REF. D