The following are selected 2020 transactions of Flint Corporation. Sept. 1 Purchased inventory from Encino Company on account for $59,600. Flint records purchases gross and uses a periodic inventory system. Issued a $59,600, 12-month, 8% note to Encino in payment of account Oct. 1 Oct. 1 Borrowed $59,600 from the Shore Bank by signing a 12-month, zero-interest bearing $62,920 note. (a) Prepare journal entries for the selected transactions above. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record entries in the order displayed in the problem statement.) Account Titles and Explanation Debit Credi Date September 1 Purchases 59600 Accounts Payable October 1 Accounts Payable 59600 Notes Payable October 1 Cash 59600 Discount on Notes Payable Notes Payable