In an effort to raise some cash for operating activities, Bridgeport Corporation approached Sarasota Ltd. and asked to borrow $124,000 (the Presidents of Bridgeport and Sarasota were cousins). Sarasota agreed to loan $124,000 to Bridgeport for three months at 6% interest. On August 1, Bridgeport signed a promissory note for the amount, promising to repay the funds plus interest on November 1. (a) Prepare the journal entry for the issuance of the note. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date August 1 Account Titles and Explanation Debit Credit