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3 Saved 10 points On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $19.3 million cash to expand operations. The loan Is
3 Saved 10 points On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $19.3 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. Trico's year-end is December 31 Required: 1-3. Record the necessary entries in the Journal Entry Worksheet below for Trico Technologies. (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 fi.e. 5 should be entered as 5,000,000) View transaction list View journal entry worksheet No 1 Date August 01, 2021 Notes Receivable General Journal Debit Credit 10,000 Cash 2 December 31, 2021 Interest Receivable Interest Revenue 3 January 31, 2022 Cash Interest Revenue 19.000 712.500 712.500 19.855 < Ow Next>> P. 142.500 712.000 18000
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