The following are selected 2020 transactions of Grouper Corporation.

Sept. 1		Purchased inventory from Orion Company on account for $48,400. Grouper uses a periodic inventory system.
Oct. 1		Issued a $48,400, 12-month, 8% note to Orion in payment of Groupers account.
1		Borrowed $75,100 from the bank by signing a 12-month, noninterest-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.

a) (To record repayment of 8% note)

b) (To accrue interest expense on noninterest-bearing note)

c) (To record repayment of noninterest-bearing note)