Entries for notes payable Bennett Enterprises issues a $672,000, 45-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. Inventory 672,000 Notes Payable 672,000 672,000 2. Notes Payable Interest Expense 6,720 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 672,000 Sales 672,000 2. Cash Notes Receivable 672,000 Interest Revenue 6,720 Feedback