Question: Entries for notes payable Bennett Enterprises issues a $960,000,45 -day, 7% , note to Spectrum Industries for merchandise inventory. Assume a 360 days in a

Entries for notes payable\ Bennett Enterprises issues a

$960,000,45

-day,

7%

, note to Spectrum Industries for merchandise inventory.\ Assume a 360 days in a 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.\ \

$Entries for notes payable\ Bennett Enterprises issues a $960,000,45-day, 7%, note$

Entries for notes payable Bennett Enterprises issues a $960,000,45-day, 7%, note to Spectrum Industries for merchandise inventory. Assume a 360 days in a 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

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