The following are selected 2023 transactions of Martinez Corporation. Sept. 1 Purchased inventory from Novak Ltd. on account for $47,600. Martinez uses a periodic inventory system. Oct. 1 Issued a $47,600,12-month, 9% note to Novak in payment of Martinez's account. 1 Borrowed $78,700 from the bank by signing a 12-month, non-interest-bearing $81,800 note. (a) Prepare journal entries for the selected transactions above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)