Exercise 13-2 The following are selected 2014 transactions of Sean Astin Corporation. Sept. 1 Purchased inventory from Encino Company on account for $59,600. Astin records purchases gross and uses a periodic inventory system. Oct. 1 ssued a $59,600, 12-month, 8% note to Encino in payment of account. oct. 1 Borrowed $82,520 from the Shore Bank by signing a 12-month, zero-interest-bearing $88,560 note. Prepare journal entries for the selected transactions above. (rf 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.) Date Account Titles and Explanation Debit Credit September 1 October 1 October 1 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare adjusting entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit December 31, (To recod interest on the note) December 31 (To record discount on the note)