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Just part c please The following are selected 2025 transactions of Blossom Corporation. Sept. 1 Purchased inventory from Encino Company on account for $46,500. Blossom

image text in transcribedimage text in transcribedJust part c please

The following are selected 2025 transactions of Blossom Corporation. Sept. 1 Purchased inventory from Encino Company on account for $46,500. Blossom records purchases gross and uses a periodic inventory system. Oct. 1 Issued a $46,500,12-month, 8% note to Encino in payment of account. Oct. 1 Borrowed $46,500 from the Shore Bank by signing a 12-month, zero-interest-bearing $50,220 note. (a) Your answer is correct. 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. List all debit entries before credit entries.) Prepare adjusting entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. (1) The interest-bearing note $ (2) The zero-interest-bearing note $

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