Question: m Ind. Bennett Enterprises issues a $535,000, 45-day, 4% note to Spectrum Industries for merchandise inventory. Required: A. Journalize Bennett Enterprises' entries to record (refer
m Ind. Bennett Enterprises issues a $535,000, 45-day, 4% note to Spectrum Industries for merchandise inventory. Required: A. Journalize Bennett Enterprises' entries to record (refer to the company's Chart of Accounts for exact wording of account titles): 1. the issuance of the note. 2. the payment of the note at maturity. Assume a 360-day year. B. Journalize Spectrum Industries' entries to record (refer to the company's Chart of Accounts for exact wording of account titles): the receipt of the note. 2. the receipt of the payment of the note at maturity. Assume a 360-day year. 2 more Check My Work useS
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