Chapter 10 Homework Bennett Enterprises issues a $400,000, 90-day, 5% 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): 1. the receipt of the note. 2. the receipt of the payment of the note at maturity. Assume a 360-day year. Journal-Bennett Enterprises A. Journalize Bennett Enterprises' entries to record (refer to the company's Chart of Accounts for exa 1. the issuance of the note on January 1. 2. the payment of the note at maturity on April 1. Assume a 360-day year. JOURNAL DATE DESCRIPTION POST. REF 1 2 3 JOURNAL DATE DESCRIPTION POST. REF D 1 2 3 4 5 Journal-Spectrum Industries B. Journalize Spectrum Industries' entries to record (refer to the company's Chart of Accounts for es 1. the receipt of the note January 2. the receipt of the payment of the note at maturity on April 1. Assume a 360-day year. JOURNAL DATE DESCRIPTION POST. REF D 1 2 3 4 5