no The following are selected 2023 transactions of Flint Corporation. Sept. 1 Oct. 1 (a) (b1) 1 Purchased inventory from Grouper Ltd. on account for $60,000. Flint uses a periodic inventory system. Issued a $60,000, 12-month, 8% note to Grouper in payment of Flint's account. Borrowed $79,800 from the bank by signing a 12-month, non-interest-bearing $80,700 note. Prepare the journal entries for the payment of the notes at maturity, assuming the Flint uses reversing entries. (Show the reversing entries at January 1, 2024.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Grouper Note Debit Credit

The following are selected 2023 transactions of Flint Corporation. Sept.1 Purchased inventory from Grouper Ltd. on account for $60,000. Flint uses a periodic inventory system. Oct. 1 Issued a $60,000,12-month, 8% note to Grouper in payment of Flint's account. 1 Borrowed $79,800 from the bank by signing a 12 -month, non-interest-bearing $80,700 note. (a) (b1) Prepare the journal entries for the payment of the notes at maturity, assuming the Flint uses reversing entries. (Show the reversing entries at January 1,2024.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Grouper Note tan1 Notes Parable Bank Notes Sept1 : Bank Note: If reversing entryused