Entries for notes payable Bennett Enterprises issues a $828,000, 60-day, 7%, note to Spectrum Industries for merchandise inventory.

Assume a 360-day year. If required, round your answers to the nearest dollar. If an amount box does not require an entry, leave it blank.

a. Journalize Bennett Enterprises’ entries to record:

the issuance of the note.
the payment of the note at maturity.

b. Journalize Spectrum Industries’ entries to record:

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

Exercise: counting committees 0.0/2.0 puntos (calificable) we start with a pool of n people. a chaired committee consists of k≥1 members, out of whom one member is designated as the chairperson. the expression k(nk) can be interpreted as the number of possible chaired committees with k members. this is because we have (nk) choices for the k members, and once the members are chosen, there are then k choices for the chairperson. thus, c=∑k=1nk(nk) is the total number of possible chaired committees of any size. find the value of c (as a function of n ) by thinking about a different way of forming a chaired committee: first choose the chairperson, then choose the other members of the committee. the answer is of the form c=(α+nβ)2γn+δ. what are the values of α , β , γ , and δ ?