The following are selected 2020 transactions of Novak Corporation. Sept. 1 Oct. Purchased inventory from Encino Company on account for $58,800. Novak records purchases gross and uses a periodic inventory system. Issued a $58,800, 12-month, 8% note to Encino in payment of account. 1 Oct. 1 Borrowed $58,800 from the Shore Bank by signing a 12-month, zero-interest-bearing $61,760 note. (a) Prepare journal entries for the selected transactions above. (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. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation September 1 V Notes Payable October 1 Debit Credit Prepare journal entries for the selected transactions above. (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. Record entries in the order displayed in the problem statement.) Date: Account Titles and Explanation September 1 v Notes Payable October 1 October 1 Debit Credit subm (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above