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3. Required information 2.00 points 3. Prepare the journal entries on September 30, 2019, to record payment of the notes payable at maturity. (If no

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3. Required information 2.00 points 3. Prepare the journal entries on September 30, 2019, to record payment of the notes payable at maturity. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars' not in millions (i.?., $5.5 million should be entered as 5,500,000).) View transaction list Required Information [The following Information applies to the questions displayed below Journal entry worksheet Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $40.9 million cash on October 1, 2018, to provide working capital for anticipated expansion. Precision signs a one-year, 8% promissory note to Midwest Bank under a prearranged short-term line of credit. Interest on the note is payable at maturity. Each firm has a December 31 yeer-end. Record the repayment of the note at maturity for Precision Castparts. Note: Enter debits before credits Date Debit Credit s payable Interest expense September 30, 2019 40.900.000 40,900,000 nterest payable Record entry Clear entry View general journal

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