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2 16 points On August 1, 2021. Trico Technologies, an aeronautic electronics company, borrows $19.7 million cash to expand operations. The loan is made by
2 16 points On August 1, 2021. Trico Technologies, an aeronautic electronics company, borrows $19.7 million cash to expand operations. The loan is made by FirstBanc Corp. under a short-term line of credit arrangement. Trico signs a six-month, 9% promissory note. Interest is payable at maturity. FirstBanc Corp.'s year-end is December 31. Required: 1.3. Record the necessary entries in the Journal Entry Worksheet below for FirstBanc Corp. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).) Skipped View transaction list eBook 18 Hint Journal entry worksheet 3 > Print Record the acceptance of note. References 1 Note: Enter debits before credits General Journal Debit Credit Date August 01, 2021 Racord entry Clear entry View general Journal Mc 2 On August 1, 2021. Trico Technologies, an aeronautic electronics company, borrows $19.7 million cash to expand operations. The loan is made by FirstBanc Corp. under a short-term line of credit arrangement. Trico signs a six-month, 9% promissory note. Interest is payable at maturity. FirstBanc Corp's year-end is December 31. nts Required: 1.-3. Record the necessary entries in the Journal Entry Worksheet below for FirstBanc Corp. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).) Skipped View transaction list eBook Journal entry worksheet Hint 1 2 3 Print Record the adjusting for interest. References Note: Enter debits before credits Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general Journal Mc Graw Hill 2. 16 points On August 1, 2021. Trico Technologies, an aeronautic electronics company, borrows $19.7 million cash to expand operations. The loan is made by FirstBanc Corp. under a short-term line of credit arrangement. Trico signs a six-month, 9% promissory note. Interest is payable at maturity. FirstBanc Corp.'s year-end is December 31. Required: 1.-3. Record the necessary entries in the Journal Entry Worksheet below for FirstBanc Corp. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 should be entered as 5,000,000).) Skipped View transaction list eBook Journal entry worksheet Hint Print Record the receipt of cash at maturity. References Note: Enter debits before credits Date General Journal Debit Credit January 31, 2022 Record entry Clear entry View general Joumal Mc Graw Hill
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