Exercise 13-2 (Part Level Submission) Marin Corporation. The following are selected 2017 transactions Purchased inventory from Encino Company on account for $59,600. Marin records purchases gross and uses a periodic inventory system. Sept. 1 Oct. 1 Issued a $59,600, 12-month, 8% note to Encino in payment of account. Oct. 1 Borrowed $59,600 from the Shore Bank by signing a 12-month, zero-interest-bearing $62,480 note (a) Prepare journal entries for the selected transactions above. (If no entry automatically indented when amount required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are entered. Do not indent manually. Record entries in the order displayed in the problem statement.) Account Titles and Explanation Debit Credit Date October 1