please do the journal entries Chart of Accounts-Bennett Ent. Chart of Accounts-Spectrum Intd Instructions...
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please do the journal entries
Chart of Accounts-Bennett Ent. Chart of Accounts-Spectrum Intd Instructions Bennett Enterprises issues a s625 ,000, 45-day, 4% note to Spectrum Industries for merchandis-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 warding of account tities) 1. the receipt of the note. 2. the receipt of the payment of the note at maturity. Assume a 360-day year. 12/1
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