Current Attempt in Progress The following are selected 2020 transactions of Skysong Corporation. Sept. 1 Oct. 1 Oct. 1 Purchased inventory from Ripken Company on account for $141.000. Skysong records purchases gross and uses a periodic inventory system. Issued a $141,000, 12-month 12% note to Ripken in payment of account. Borrowed $141.000 from the Shore Bank by signing a 12-month, zero-interest-bearing $162.000 note (a) Prepare journal entries for the selected transactions above. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation October 1 Debit Credit periodic inventory system. Oct. 1 Issued a $141,000, 12-month, 12% note to Ripken in payment of account. Oct. 1 Borrowed $141,000 from the Shore Bank by signing a 12-month, zero-interest-bearing $162,000 note. (a) Prepare journal entries for the selected transactions above. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation October 11 Debit Credit