The following are selected 2025 transactions of Bonita Corporation. Sept. 1 Oct. 1 Oct. 1 (a) Purchased inventory from Encino Company on account for $40,500. Bonita records purchases gross and uses a periodic inventory system. Issued a $40,500, 12-month, 8% note to Encino in payment of account. Borrowed $40,500 from the Shore Bank by signing a 12-month, zero-interest-bearing $43,740 note. Your answer is partially correct. 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. List all debit entries before credit entries.) For

The following are selected 2025 transactions of Bonita Corporation. Sept.1 Purchased inventory from Encino Company on account for $40,500. Bonita records purchases gross and uses a periodic inventory system. Oct. 1 Issued a $40,500,12-month, 8% note to Encino in payment of account. Oct. 1 Borrowed $40,500 from the Shore Bank by signing a 12-month, zero-interest-bearing $43,740 note. (a) Prepare journal entries for the selected transactions above. (If no entry is required, select "No Entry" for the occount titles and enter 0 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 stotement. List all debit entries before credit entries.)