On September 1, 2024, Allied Moving Corporation borrows $100,000 cash from First National Bank. Allied signs a six-month, 6% note payable. Interest is payable at maturity. Allied's year-end is December 31. 1., 2. & 3. Record the following transactions for the note payable by Allied Moving Corporation. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to nearest dollar amount.) View transaction list Journal entry worksheet < 1 2 Record the issuance of notes payable. 3 Note: Enter debits before credits.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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On September 1, 2024, Allied Moving Corporation borrows $100,000 cash from First National Bank. Allied signs a six-month, 6% note
payable. Interest is payable at maturity. Allied's year-end is December 31.
1., 2. & 3. Record the following transactions for the note payable by Allied Moving Corporation. (If no entry is required for a particular
transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round
your answers to nearest dollar amount.)
View transaction list
Journal entry worksheet
< 1
2 3
Record the issuance of notes payable.
Note: Enter debits before credits.
Date
September 01, 2024
General Journal
Debit
Credit
Transcribed Image Text:On September 1, 2024, Allied Moving Corporation borrows $100,000 cash from First National Bank. Allied signs a six-month, 6% note payable. Interest is payable at maturity. Allied's year-end is December 31. 1., 2. & 3. Record the following transactions for the note payable by Allied Moving Corporation. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to nearest dollar amount.) View transaction list Journal entry worksheet < 1 2 3 Record the issuance of notes payable. Note: Enter debits before credits. Date September 01, 2024 General Journal Debit Credit
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