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3 journal entries On August 1, 2018, Trico Technologies, an aeronautic electronics company, borrows $20.6 million cash to expand operations. The loan is made by

image text in transcribed 3 journal entries
On August 1, 2018, Trico Technologies, an aeronautic electronics company, borrows $20.6 million cash to expand operations. The loan is made by firstBanc Corp. under a shot-tern line of credit arrangement. Trico signs a six-month, 6% promissory note. Interest is payable at maturity. FirsBanc Corp.'s year-end is December 31. Record the necessary entries in the Journal Entry Worksheet below for FirstBanc Corp

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