The following are selected 2017 transactions of Cheyanne Corporation. Sapt. Purchased inventory from Encino Company on account for $52.000. Cheyenne records purchsses gross and uses a periodic inventory system. Oct. 1 Issued 8 552,000, 12-month, 8% note to Encino in payment of &ccount. Oct. 1 Borrowad $32,000 from the Shora Bank by aigning a 12-month, zero-intarest-bearing $36,400 note. Prapare journal entries for the solactad tranaactions abova. (If no entry is required, select "No Entry" for the account titles and anter O for the amounts. Credit account titles are automatically Indented when amount is entered. Do not indent manually. Record ontries in the order displayed in the problem statement.) Account Titles and Explanation Debit Credit October 1 Propare acjusting entrias at Decamber 31. (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. Round answers to decimal places, e.g. 5,125.) Date Account Titles and Explanation Debit Credit December 31 To record intarast on the nota) December 31 To record discount on the nots) Compute the total net liability to be reported on the Dacamber 31 balance shoot for: (1) The interest-bearing note (2) The zero-interest-bearing