Entries for notes payable Bennett Enterprises issues a $720,000, 45-day, 8%, note to Spectrum Industries for merchandise inventory Assume a 360-day year. If required, round your answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank a. Journalize Bennett Enterprises' entries to record: 1. the issuance of the nate 2. the payment of the note at maturity 1 2. Il 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 n