Entries for notes payable Bennett Enterprises issues a $684,000, 30-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 684,000 Notes Payable 684,000 2. Notes Payable 684,000 Interest Expense 101 Cash b. Journalize Spectrum Industries' entries to record: 1. the receipt of the note. 2. the receipt of the payment of the note at maturity. Notes Receivable 684,000 Sales 684,000 1. 2. Cash Notes Receivable lbl 684,000 Interest Revenue Feedback Check My Work As the lender what have you earned by doing business with Bennett Enterprises? As the lender what will you be receiving on the maturity date? Feedback Check My Work Partially correct