Griffin Enterprises issues a $660,000, 45-day, 4% note to Romo Industries for merchandise inventory. a. Journalize Griffin Enterprises’ entries to record: 1. the issuance of the note. 2. the payment...

Griffin Enterprises issues a $660,000, 45-day, 4% note to Romo Industries for merchandise inventory.

a. Journalize Griffin Enterprises’ entries to record:

1. the issuance of the note.

2. the payment of the note at maturity.

b. Journalize Romo Industries’ entries to record:

1. the receipt of the note.

2. the receipt of the payment of the note at maturity