The following are selected 2022 transactions of Blossom Corporation. .

Sept. 1		Purchased inventory from Orion Company on account for $41,000. Blossom records purchases gross and uses a periodic inventory system.
Oct. 1		Issued a $41,000, 12-month, 8% note to Orion in payment of account.
Oct. 1		Borrowed $61,500 from the Shore Bank by signing a 12-month, zero-interest-bearing $66,420 note.

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Prepare adjusting entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
December 31
	(To record interest on the note)
December 31
	(To record discount on the note)