The following are selected 2020 transactions of Flint Corporation. Sept. 1 Purchased inventory from Orion Company on account for $ 60,000. Flint uses a periodic inventory system. Issued a $ 60,000, 12-month, 8% note to Orion in payment of Flint's account. Oct. 1 1 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. 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 O for the amounts.) Date Account Titles and Explanation Debit Credit Oct. 1/21 (To record repayment of 8% 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 Debit Credit Orion Note Jan. 1 Oct. 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)