How do I do this? I am stumped as to how to properly title these entities and how to figure the math. It just says for example issued a $37,600, 12 month, 8% note to Encinitas's in payment of account. So do I take 37,600 x 8%x12?

Kieso, Inlem'ediate Accounting, 16e HEVV l ' Announcements LALCIJLATOR PRINTER VERSI Exercise l} 2 The fcllowmg are selected 2017 transactions of Bonlta Corporanon. Sept. 1 Purchased inventory from Encino Company on account fur $37,600. Eonlta records purchases gross and uses a penodic Inventory system, Cd. 1 Issued 3 $37,600, 12'm0nm, Sulu note to Enono in payment of account. Oct. 1 Borrowed $37,600 from the Shore Bank by sxgnrng a 12-month, zero-InteresL-bearmg $41,680 note. Prepare Journal entries for the selected transamons above' (If no entry is required selurt "No knrry" fur the an ruunt titles. and entPr 0 fm the amounh ('u'u'ft du nun! :. '(47 cm um. i: emmed. Do not imient manually. Record entries in the order displayed in the problem sldtumenr.) epremher 1 vr OCtObEI' 1 snow usr OF ALCOUN': LINK rD TEXY adjusting ent at Daemher 3L (II no n my is required, szm'l "Hu Ent/y" for tile duuunr HIM dm! enlw/ U in; the amounts (mm dl "mn! Him ..v. ut leHHJv'v'V. Kathl am Is. to D (Inu'nwl plates, Hu, 5, IJSA)