Analyze the following transactions of Black Tie Party Planners in the manner shown below for the January $1$ transaction. Also, record each transaction in the journal.

$($i$)($Click the icon to view the transactions.$)$

January $4.$ Borrowed $$17,000$ cash, signing a note payable.

The asset, Cash, is $$ ; therefore, $$ Cash. The liability, Note Payable, is increased ; therefore, $$ Note Payable.

Prepare the joumal entry. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$January $4,$Cash,,$17000],[$Note payable,$17000,],[,,],[,,],[$Borrowed cash with a note payable.,,$]]$