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. Merchandise Inventory 1. Notes Payable 2. Notes Payable II III II III Interest Expense Cash Feedback 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. Notes Receivable Sales Cash III II 2. Notes Receivable Interest Revenue