The following are selected 2025 transactions of Metlock Corporation. Sept. 1 Purchased inventory from Encino Company on account for $69,000. Metlock records purchases gross and uses a periodicinventory system. Oct.1 Issued a $69,000,12-month, 896 note to Encino in payment of account. Oct.1 Borrowed $69,000 from the Shore Bank by signing a 12-month. zero-interest-bearing $74.520 note. Prepare journal entries for the selected transactions above. (ff no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Credit account titles are outomatically 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.) Prepare adjusting entries at December 31. Of no entry is required, seiect "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when omount is entered. Do not indent manually. Round answers to 0 decimal places, gg 5,125. Llst all debil entries before credit entries.) The parts of this question must be completed in order. This part will be available when vou complete the part above