Entries for notes payable Cosimo Enterprises issues a $260,000, 45-day, 5% note to Dixon Industries for merchandise inventory. Assume a 360-day year. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Journalize Cosimo Enterprises entries to record: the issuance of the note. the payment of the note at maturity. 1. 2. b. Journalize Dixon Industries entries to record: the receipt of the note. the receipt of the payment of the note at maturity. 1. 2.