On September $1,2024,$ Allied Moving Corporation borrows $$120,000$ cash from First National Bank. Allied signs a six$-$month, $5\%$ note payable. Interest is payable at maturity. Allied's year$-$end is December $31.$

Required:

$1.,2.$ & $3.$ Record the following transactions for the note payable by Allied Moving Corporation. $($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.$)$

Journal entry worksheet

$1$

$2$

$3$

Record the issuance of notes payable.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$September $01,2024,,,],[,,,],[,,,],[,,,]]$