Please help me with both a & b parts of this question.

Prepare adjusting entries at December 31. (If no entry Is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are outomatically Indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, eg. 5,125. Sept. Purchased inventory from Encino Company on account for $58,600. Blossom records purchases gross and uses a periodic 1 inventory system. Oct. 1 Issued a $58,600,12-month, 8% note to Encino in payment of account. Oct. Borrowed $58,600 from the Shore Bank by signing a 12-month, zero-interest-bearing $63,720 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 O for the amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually. Record entries in the