! Required information [The following information applies to the questions displayed below.) On August 1, 2019, Colombo Co.'s treasurer signed a note promising to pay $2,400,000 on December 31, 2019. The proceeds of the note were $2,340,000. C-1. Record the journal entry to show the effects of signing the note and the receipt of the cash proceeds on August 1, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit