Question: PROBLEM 2 Swan Enterprises issues 60-day note for P800000 to HiIt Industries for merchandise inventory. Hilt Industries discounts the note at 6%. Instructions: a. Journalize

PROBLEM 2 Swan Enterprises issues 60-day note for P800000 to HiIt Industries for merchandise inventory. Hilt Industries discounts the note at 6%. Instructions: a. Journalize Swan Enterprises' entries to record: 'I. the issuance of the note. 2. the payment of the note at maturity. b. Journalize Hilt Industries' entries to record: 'I. the receipt of the note. 2. the receipt of the payment of the note at maturity

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