Current Attempt in Progress The following are selected 2025 transactions of Coronado Corporation. Sept. 1 Oct. 1 Oct. 1 Purchased inventory from Encino Company on account for $57,000. Coronado records purchases gross and uses a periodic inventory system. Issued a $57,000, 12-month, 8% note to Encino in payment of account. Borrowed $57,000 from the Shore Bank by signing a 12-month, zero-interest-bearing $61,560 note. Your answer is partially correct. Prepare journal entries for the selected transactions above. (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. Record entries in the order displayed in the problem statement. List all debit entries before credit entries.) Date Account Titles and Explanation September 1 Purchases October 1 Accounts Payable Debit 57,000 Credit