Question: Instructions Cosimo Enterprises issues a $260,000, 45-day, 5% note to Dixon Industries for merchandise inventory. Required: A. Journalize Cosimo Enterprises' entries to record (refer

Instructions Cosimo Enterprises issues a $260,000, 45-day, 5% note to Dixon Industries for merchandise inventory. Required: A. Journalize Cosimo Enterprises' entries to record (refer to the company's Chart of Accounts for exact wording of account titles): 1. the issuance of the note on January 1. 2. the payment of the note at maturity. Assume a 360-day year. B. Journalize Dixon Industries' entries to record (refer to the company's Chart of Accounts for January 1. 2. the receipt of the payment of the note at image text in transcribed

Instructions Cosimo Enterprises issues a $260,000, 45-day, 5% note to Dixon Industries for merchandise inventory. Required: A. Journalize Cosimo Enterprises' entries to record (refer to the company's Chart of Accounts for exact wording of account titles): 1. the issuance of the note on January 1. 2. the payment of the note at maturity. Assume a 360-day year. B. Journalize Dixon Industries' entries to record (refer to the company's Chart of Accounts for exact wording of account titles): 1. he receipt of the note on January 1. 2. the receipt of the payment of the note at maturity. Assume a 360-day year,

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