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The following are selected 2020 transactions of Stellar Corporation. Sept. 1 Purchased inventory from Encino Company on account for $46,800. Stellar records purchases gross and uses a periodic inventory system. Oct. 1 Issued a $46,800, 12-month, 8% note to Encino in payment of account. Oct. 1 Borrowed $46,800 from the Shore Bank by signing a 12-month, zero-interest-bearing $49,920 note. Prepare journal entries for the selected transactions above. (If no entry is required, select "No Entry" for the account 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 statement.) Date Account Titles and Explanation Debit Credit choose a transaction date September 1 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date October 1 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount October 1 enter an account title to record the transaction on October 1 enter a debit amount enter a credit amount enter an account title to record the transaction on October 1 enter a debit amount enter a credit amount enter an account title to record the transaction on October 1 enter a debit amount enter a credit amount eTextbook and Media List of Accounts Prepare adjusting entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,125.) Date Account Titles and Explanation Debit Credit December 31 enter an account title to record interest on the note on December 31 enter a debit amount enter a credit amount enter an account title to record interest on the note on December 31 enter a debit amount enter a credit amount (To record interest on the note) December 31 enter an account title to record discount on the note on December 31 enter a debit amount enter a credit amount enter an account title to record discount on the note on December 31 enter a debit amount enter a credit amount (To record discount on the note) eTextbook and Media List of Accounts Compute the total net liability to be reported on the December 31 balance sheet for: (1) The interest-bearing note $enter a dollar amount (2) The zero-interest-bearing note

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