2nd and 3rd Journal Entries:

• Record the adjusting entry for interest.
• Record the payment of the note at maturity.

On September 1, 2021, Allied Moving Corp. borrows $90,000 cash from First National Bank. Allied signs a six-month, 7% 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 Corp. (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 ist Journal entry worksheet Record the issuance of notes payable. Note: Enter debits before credits. General Journal Debit Credit Date Sep 01, 2021 Record entry Clear entry View general Journal