The following are selected 2023 transactions of Ayayai Corporation.
Sept. 1 Purchased inventory from Indigo Ltd. on account for $47,200. Ayayal uses a periodic inventory system.
Oct.1 Issued a $47,200,12− month, 9% note to Indigo in payment of Ayayai's account.
1 Borrowed $78,000 from the bank by signing a 12 -month, non-interest-bearing $81,500 note. Prepare the journal entries for the payment of the notes at maturity. Assume no other aceruals of interest were recorded since the December 31, 2023 year end. (Credit occount titles are outomotically indented when the amount is entered. Do not indent maniullik List all debit entries before credit entries. If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts)