The following are selected 2023 transactions of Sheffield Corporation. Sept. 1 Oct. 1 1 Purchased inventory from Concord Ltd. on account for $48,000. Sheffield uses a periodic inventory system. Issued a $48,000, 12-month, 9% note to Concord in payment of Sheffield's account. Borrowed $77,500 from the bank by signing a 12-month, non-interest-bearing $81,600 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 O for the amounts.) Date Account Titles and Explanation (Settlement of accounts payable by issuing a note) (Borrowed cash and issued a note) Debit Credit