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1. Record the issuance of note. 2. Record the adjusting entry for interest. 3.Record the repayment of the note and payment of interest at maturity.

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1. Record the issuance of note.
2. Record the adjusting entry for interest.
3.Record the repayment of the note and payment of interest at maturity.
On August 1, 2024. Trico Technologies, an aeronautic electronics company, borrows $193 million cash to expand operations. The loan is made by FirstBanc Corporation under a short-term line of credit arrangement. Trico signs a six-month, 9% promissory note. Interest is payable at maturity. Trico's year-end is December 31 . Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below for Trico Technologies. (Hf no entry is required for a particulor transaction/event, select "No Joumal Entry Required" in the first account field. Enter your onswers in dollars, not millions (i.e. 5.5 million should be entered as 5,500,000).) Journal entry worksheet

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