The following are selected 2025 transactions of Martinez Corporation. Sept. 1 Purchased inventory from Encino Company on account for $36,000. Martinez records purchases gross and uses a periodic inventory system. Oct. 1 Issued a $36,000,12-month, 8% note to Encino in payment of account. Oct. 1 Borrowed $36,000 from the Shore Bank by signing a 12-month, zero-interest-bearing $38,880 note. Prepare adjusting entries at December 31 . (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts