1. Laughlin Enterprises issues a $130,000, 45-day, 6% note to Morrison Industries for merchandise inventory.

   Assume a 360-day year. If an amount box does not require an entry, leave it blank.

   a. Journalize Laughlin Enterprises entries to record:

   1. the issuance of the note.
   2. the payment of the note at maturity.

   1.		fill in the blank b00b9704400efe3_2	fill in the blank b00b9704400efe3_3
   		fill in the blank b00b9704400efe3_5	fill in the blank b00b9704400efe3_6
   2.		fill in the blank b00b9704400efe3_8	fill in the blank b00b9704400efe3_9
   		fill in the blank b00b9704400efe3_11	fill in the blank b00b9704400efe3_12
   		fill in the blank b00b9704400efe3_14	fill in the blank b00b9704400efe3_15

   b. Journalize Morrison Industries entries to record:

   1. the receipt of the note.
   2. the receipt of the payment of the note at maturity.

   1.		fill in the blank f684b3f8dfcf073_2	fill in the blank f684b3f8dfcf073_3
   		fill in the blank f684b3f8dfcf073_5	fill in the blank f684b3f8dfcf073_6
   2.		fill in the blank f684b3f8dfcf073_8	fill in the blank f684b3f8dfcf073_9
   		fill in the blank f684b3f8dfcf073_11	fill in the blank f684b3f8dfcf073_12
   		fill in the blank f684b3f8dfcf073_14	fill in the blank f684b3f8dfcf073_15