June $1,$ Sandhill Company borrows $$49,000$ from the bank by signing a $60-$day, $6\%,$ interest$-$bearing note.

epare the necessary entries below associated with the note payable on the books of Sandhill.

Prepare the entry on June $1$ when the note was issued. $($Credit account titles are automatically indented when the amount is en Do not indent manually. List debit entry before credit entry. If no entry is required, select $"$No Entry" for the account titles and enter amounts.$)$

Date Account Titles and Explanation

Debit

Credit

June $1$

Attempts: $0$ of $1$ used