The following are selected 2025 transactions of Teal Corporation. Sept. 1 Purchased inventory from Encino Company on account for $36,000. Teal 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. (a) Prepare journal entries for the selected transactions above. (If no entry is required, select "No Entry" for the account tities 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 statement. List all debit entries before credit entries.) plish Company began operations on January 2,2025. It employs 12 individuals who work 8-hour days and are paid hourly. Each mployee earns 11 paid vacation days and 6 paid sick days annually. Vacation days may be taken after January 15 of the year followin ne year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional formation is as follows. Splish Company has chosen to accrue the cost of compensated absences at rates of pay in effect during the period when earned and to accrue sick pay when earned. (a) Prepare journal entries to record transactions related to compensated absences during 2025 and 2026. (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. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit 2025 (To accrue the expense and liability for vacations) (To accrue the expense and liability for sick pay) (To record payment for compensated time when used by employees) 2026 (To accrue the expense and liability for vacations) (iv aculue ure eAperise ath naumiy ion vatotivis) (To accrue the expense and liability for sick pay) (To record vacation time paid) (To record sick leave paid) Textbook and Media Early in 2025, Riverbed Equipment sold 600 Rollomatics at $5,400 each. During 2025, Riverbed spent $21,000 servicing the 2-year assurance warranties with inventory, cash, and payables that accompany the Rollomatic. All sales transactions are on a cash basis. (a) Prepare 2025 entries for Riverbed. Assume that Riverbed estimates the total cost of servicing the warranties in the second year will be $31,000. (ff no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries) Date Account Titles and Explanation Debit Credit (To record sales) (To record payment for warranty costs incurred) (To record estimated warranty expense and warranty liability for expected warranty claims)