Dynamically Create a Folder with a Sub-folder in the File Cabinet Using SuiteScript

Below is a sample code on how to dynamically create a Folder with a Sub-folder in the File Cabinet using SuiteScript.

function suitelet(request, response){
    var folder = nlapiCreateRecord('folder');
    folder.setFieldValue('name','Parent Folder');
    var parentFolderId = nlapiSubmitRecord(folder,true);

    var folder2 = nlapiCreateRecord('folder');
    folder2.setFieldValue('name','Sub Folder');
    folder2.setFieldValue('parent',parentFolderId);
    var subFolderId = nlapiSubmitRecord(folder2,true);
}