The following are selected 2023 transactions of Marigold Corporation. Sept. 1 Oct. 1 1 Purchased inventory from Monty Ltd. on account for $42,800. Marigold uses a periodic inventory system. Issued a $42,800, 12-month, 9% note to Monty in payment of Marigold's account. Borrowed $76,800 from the bank by signing a 12-month, non-interest-bearing $80,900 note. prepare journal entries for the payment of notes at maturity. Assume no orher accruals of interest were recorded since the December 31, 2023 year end.

The following are selected 2023 transactions of Marigold Corporation. Sept. 1 Purchased inventory from Monty Ltd. on account for $42,800. Marigold uses a periodic inventory 5y stem. Oct. 1 Issued a $42,800,12-month, 9% note to Monty in payment of Marigold's account. 1 Borrowed $76,800 from the bank by signing a 12 -month, non-interest-bearing $80,900