The following are selected 2025 transactions of Buffalo Corporation. Sept. 1 Oct. 1 Oct. 1 Purchased Inventory from Encino Company on account for $60,000. Buffalo records purchases gross and uses a periodic inventory system. Issued a $60,000, 12-month, 8% note to Encino in payment of account. Borrowed $60,000 from the Shore Bank by signing a 12-month, zero-interest-bearing $64,800 note (a) 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.) (b) Date Account Titles and Explanation eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 5 used Submit Amwe Prepare adjusting entries at December 31. (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 Round answers to O decimal places, e 5,125. List all debit entries before credit entries) Date Account Titles and Explanation Debit Credit