On September 1, 2015, Allied Moving Corp. borrows $90,000 cash from First National Bank. Allied signs a six-month, 7% note payable. Interest is payable at maturity. Allied's year-end is December 31.

1. Record the note payable by Allied Moving Corp. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list view general journal Journal Entry Worksheet Record the issuance of notes payable Date General Journal Debit Credit Sep 01, 2015 Enter debits before credits clear entry record entry 2. Record the appropriate adjusting entry for the note by Allied Moving Corp. on December 31 ,2015. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) view transaction list view general journal Journal Entry Worksheet Record the adjustment for interest Debit Date Dec 31, 2015 General Journal Credit Enter debits before credits clear entry record entry 3. Record the payment of the note at maturity. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations Round your answers to nearest dollar amount.) view transaction list view general journal Journal Entry Worksheet Record the payment of the note at maturity General Journal Debit Credit Mar 01, 2016 Enter debits before credits clear entry record entry