Question: View Policies Current Attempt in Progress The following are selected 2022 transactions of Larkspur Corporation. Sept. 1 Oct. 1 Oct. 1 Purchased inventory from

View Policies Current Attempt in Progress The following are selected 2022 transactions of Larkspur Corporation. Sept. 1 Oct. 1 Oct. 1 Purchased inventory from

View Policies Current Attempt in Progress The following are selected 2022 transactions of Larkspur Corporation. Sept. 1 Oct. 1 Oct. 1 Purchased inventory from Orion Company on account for $41,000. Larkspur records purchases gross and uses a periodic inventory system. Issued a $41,000, 12-month, 8% note to Orion in payment of account. Borrowed $61,500 from the Shore Bank by signing a 12-month, zero-interest-bearing $66,420 note. (a) 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.) Date Account Titles and Explanation Debit Credit

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