View Policies Current Attempt in Progress On June 1, Merando borrows $129,000 from First Bank on a six-month, $129,000, 6% note. ! Prepare the entry on June 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation June 1 Cash Notes Payable (Borrowed cash and signed a note.) Debit 129000 Credit 129000