On June $1,$ Carla Vista Company borrows $$60,000$ from the bank by signing a $60-$day, $9\%,$ interest$-$bearing note.

Prepare the necessary entries below associated with the note payable on the books of Carla Vista.

$($a$)$

Prepare the entry on June $1$ when the note was issued. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

June $1$