please answer part B. the previous person did not. thank you!

Entries for notes payable Bennett Enterprises issues a $660,000, 60-day, 8%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year. If required, round your answers to the nearest dollar.If an amount box does not require an entry, leave it blank. a. Journalize Bennett Enterprises' entries to record: 1. the issuance of the note. 2. the payment of the note at maturity, 1. Inventory 660,000 Notes Payable 660,000 a Notes Payable 660,000 Interest Expense 8,800 Cash 668,800 Feedback Chedk My Work If you were the borrower how much would you be leaving Spectrum Industries with in proceeds? What does the liability always have to be recorded at? Check My Work Previous Next If you were the borrower how much would you be leaving Spectrum Industries with in proceeds? What does the liability always have to be recorded at? b. Journalize Spectrum 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 2. Cash 100 II III Notes Receivable Interest Revenue Feedback Check My Work As the lender what have you earned by doing business with Bennett Enterprises? As the lender what will you be recelving on the maturity date? Feedback Check My Work Previous Next All work sa Email Instructor Save and Edit Submit Assignment for Grading