On September 1, 2018, Allied Moving Corp. borrows $120,000 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 Journal entry worksheet 1 Record the issuance of notes payable. Note: Enter debits before credits, Date Sep 01, 2018 General Journal Debit Credit Clear entry Record entry View general journal Proctorio is sharing your screen Stop sharing 2. Record the appropriate adjusting entry for the note by Allied Moving Corp. on December 31 2018. (If 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 Journal entry worksheet