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

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

June $4.$ Borrowed $$15,000$ cash, signing a note payable.

The asset, Cash, is

; therefore,

Cash. The liability, Note Payable, is

; therefore,

credit Note Payable.

Prepare the journal entry. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)Analyze$ the following transactions $of$ Black Tie Party Planners $in$ the manner shown below for the June $1$ transaction. Also, record each transaction $in$ the journal.

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

June $4.$ Borrowed $$15,000$ cash, signing a note payable.

The asset, Cash, $is$

; therefore,

Cash. The liability, Note Payable, $is$

; therefore,

credit Note Payable.

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