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On September 1, 2021, Allied Moving Corp. borrows $110,000 cash from First National Bank. Allied signs a six-month,6% note payable. Interest is payable at maturity.
On September 1, 2021, Allied Moving Corp. borrows $110,000 cash from First National Bank. Allied signs a six-month,6% note payable. Interest is payable at maturity. Allied's year-end is December 31 1., 2.&3. Record the following transactions for the note payable by Allied Moving Corp. (If no entry is required for a particular 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 Journal entry worksheet Record the issuance of notes payable. Note: Enter debits before credits. Date General Journal Debit Credit Sep 01, 2021 Saved On November 1, 2021, Dual Systems borrows $250,000 to expand operations. Dual Systems signs a six-month, 9% promissory note. Interest is payable at maturity. Dual System's year-end is December 31 1, 2.&3. Record the following transactions for the note payable by Dual Systems. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet Record the appropriate adjusting entry for the note by Dual Systems on December 31, 2021. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2021 KPrev 16 of 25 Next> On November 1, 2021, Dual Systems borrows $250,000 to expand operations. Dual Systems signs a six-month, 9% promissory note. Interest is payable at maturity. Dual System's year-end is December 31 transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations Round your answers to the nearest dollar amount.) 1, 2.&3. Record the following transactions for the note payable by Dual Systems,(If no entry is required for a particular Book View transaction list Journal entry worksheet Record the payment of the note by Dual Systems at maturity on April 30, 2022. (D Note: Enter debits before credits Apr 30, 2022
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