3 required journal entries:

1. Record the issuance of notes payable.

2. Record the adjusting entry for interest.

3. 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, 5% 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 list Journal entry worksheet 2 3 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