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  3. bennett enterprises issues a $732,000,60-day, 7\%,

Bennett Enterprises issues a $732,000,60-day, 7\%, note to Spectrum Industries for merchandise inventory. Assume a...

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Accounting

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Bennett Enterprises issues a $732,000,60-day, 7\%, note to Spectrum Industries for merchandise inventory. Assume a 360 doys in a year, If required, round your answers to the nearest dollar. If an amount box does not cequire 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. b. Journalize Spectrum Industries' entries to record: 1. the receipt of the note. 2. the receipt of the payment of the note at maturity

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