Question: On September 1 , 2 0 2 4 , Allied Moving Corporation borrows $ 1 0 0 , 0 0 0 cash from First National
On September Allied Moving Corporation borrows $ cash from First National Bank. Allied signs a sixmonth, note payable. Interest is payable at maturity. Allied's yearend is December
Required:
& Record the following transactions for the note payable by Allied Moving Corporation. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to nearest dollar amount.
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