Exercise 13-2 The following are selected 2017 transactions of Bonita Corporation Sept. 1 Purchased inventory from Encino Company on account for $61,800. Bonita records purchases gross and uses a periodic inventory system Oct. 1 Issued a $61,800, 12-month, 8% note to Encino in payment of account. Oct. 1 Borrowed $61,800 from the Shore Bank by signing a 12-month, zero-interest-bearing $66,160 note. 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 Debit Credit October 1 Compute the total net liability to be reported on the December 31 balance sheet for: (1) The interest-bearing note (2) The zero-interest-bearing note Click if you would like to Show Work for this question: Open Show Work