Current Allenpull Progress On March 1, Culver Company borrows $150,000 from New National Bank by signing a 6-month, 7%, interest-bearing note. Prepare the necessary entries below associated with the note payable on the books of Culver Company. Prepare the entry on March 1 when the note was issued. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit March 1 Cash 150000 Notes Payable 150000 List of Accounts Prepare any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements. Assume no other interest accrual entries have been made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit June 30