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On November 1, 2018, Aviation Training Corp. borrows $56,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 6% note payable. Interest is

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On November 1, 2018, Aviation Training Corp. borrows $56,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 6% note payable. Interest is payable at maturity. Aviation's year-end is December 31 Required: 1., 2. & 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the issuance of note. Note: Enter debits before credits Date General Journal DebitCredit November 01, 2018

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