Question: could someone please help with this question The following are selected 2020 transactions of Buffalo Corporation. Sept. Purchased inventory from Encino Company on account for

could someone please help with this question
could someone please help with this question The following are selected 2020
transactions of Buffalo Corporation. Sept. Purchased inventory from Encino Company on account

The following are selected 2020 transactions of Buffalo Corporation. Sept. Purchased inventory from Encino Company on account for $56,000. Buffalo records purchases gross and uses a periodic 1 inventory system. Oct. Issued a $56,000,12-month, 8% note to Encino in payment of account. Oct. Borrowed $56,000 from the Shore Bank by signing a 12-month, zero-interest-bearing $61,040 note. (a) Prepare journal entries for the selected transactions above. (if no entry is required, select "No Entry" for the occount tities and entero for the amounts. Credit account titles are automafically indented when amount is entered, Do not indent manualiy. Record entries in the order dispiayed in the problem statement.) \begin{tabular}{ll} \hline Date Account Titles and Explanation \\ \hline \end{tabular} October 1 eTextbook and Media

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