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On September 1, 2021, Allied Moving Corp. borrows $120,000 cash from First National Bank. Allied signs a six-month, 6% note payable. Interest is payable at

On September 1, 2021, Allied Moving Corp. borrows $120,000 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 1 2 3 Record the issuance of notes payable. Note: Enter debits before credits, Date Sep 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet image text in transcribedimage text in transcribed

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