Question: ct - - Select - - Select - Bennett Enterprises issues a $720,000,30-day, 7%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year.

ct - - Select - - Select - Bennett Enterprises issues a ct - - Select - - Select -

Bennett Enterprises issues a $720,000,30-day, 7%, 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. 1. 2

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