On March 1, Pronghorn Company borrows $135,000 from New National Bank by signing a 6-month, 7%, interest-bearing note. Prepare the necessary entries below associated with the note payable on the books of Pronghorn Company. (a) Your answer has been saved. See score details after the due date. Prepare the entry on March 1 when the note was issued. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit March 1 Cash Notes Payable) 135,000 135,000 (b) Prepare any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements. Assume no other interest accrual entries have been made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date June 30 Account Titles and Explanation Debit Credit