Many businesses borrow money during periods of increased business activity to finance inventory and trade receivables. Nordstrom, Inc., is one of North America's most prestigious retailers. Each year, the company builds up its inventory to meet the needs of December holiday shoppers. Assume that on November $1,2023,$ the company borrowed $$6\mathrm{.}7$ million cash from the bank for working capital purposes and signed an interest$-$bearing note due in six months. The interest rate was $6$ percent per year, payable at maturity. Nordstrom's fiscal year ends on December $31.$

Required:

Prepare the journal entry to record the note on November $1,2023.($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in dollars not in millions.$)$

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,\backslash$table$[[$November $01,],[2023]],$Cash,$6,700,000,],[,,$Notes payable,,$6,700,000$