Current Attempt in Progress

The following are selected $2025$ transactions of Waterway Corporation.

Sept. $1$ Purchased inventory from Encino Company on account for $\backslash$$$61,500.$ Waterway records purchases gross and uses a periodic inventory system.

Oct. $1$ Issued a $\backslash$$$61,500,12-$month, $8\backslash \%$ note to Encino in payment of account.

Oct. $1$ Borrowed $\backslash (\backslash$$ $61,500\backslash )$ from the Shore Bank by signing a $12-$month, zero$-$interest$-$bearing $\backslash (\backslash$$ $66,420\backslash )$ note.

$($a$)$