Question: Entries for notes payable Bennett Enterprises issues a $ 6 4 8 , 0 0 0 , 4 5 - day, 9 % , note

Entries for notes payable
Bennett Enterprises issues a $648,000,45-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 require an entry, leave it blank.
a. Journalize Bennett Enterprises' entries to record:
the issuance of the note.
the payment of the note at maturity.
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b. Journalize Spectrum Industries' entries to record:
the receipt of the note.
the receipt of the payment of the note at maturity.
 Entries for notes payable Bennett Enterprises issues a $648,000,45-day, 9%, note

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