The following are selected 2020 transactions of Wildhorse Corporation. Sept. 1 Oct. 1 Purchased inventory from Encino Company on account for $37,400. Wildhorse records purchases gross and uses a periodic inventory system. Issued a $37,400, 12-month, 8% note to Encino in payment of account. Oct. 1 Borrowed $37,400 from the Shore Bank by signing a 12-month, zero-interest-bearing $40,800 note. 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 Debit Credit October 1