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show all calculations and answer fast please The following are selected 2020 transactions of Ayayal Corporation Sept. 1 Purchased inventory from Orion Company on account

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The following are selected 2020 transactions of Ayayal Corporation Sept. 1 Purchased inventory from Orion Company on account for $47,200. Ayayai uses a periodic inventory system Oct. 1 Issued a $47.200, 12-month, 9% note to Orion in payment of Ayayai's account. Borrowed $78,000 from the bank by signing a 12-tnonth, non-interest-bearing $81.500 note 1 Your answer is partially correct Prepare the journal entries for the payment of the notes at maturity. Assume no other accruals of interest were recorded since the December 31, 2020 year end. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Credit Debit Account Titles and Explanation Date Oct. 1/21 Interest one Oct. 1/21 Interest Expense 3186 Interest Payable 4248 Notes Payable 47200 51336 Cash (To record repayment of 9% note) Oct 1/21 (To accrue interest expense on non-interest-bearing note) Oct 1/21 (To record repayment of non-interest-bearing note) Prepare the journal entries for the payment of the notes at maturity, assuming the company uses reversing entries. (Show the reversing entries at January 1, 2021.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Orion Note Debit Credit Jan. 1 Oct. 1 Bank Note Jan. 1 Bank Note Jan. 1 Oct. 1 (To accrue interest expense on non-interest-bearing note) Oct. 1 (To record repayment of non-interest-bearing note)

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