CHAPTER 8 PLEASE HELP ME ON ACCOUNTING QUESTIONS

NUMBER 1

On August 1, 2018. Trico Technologies. an aeronautic electronics company. borrows $19.6 million cash to expand operations. The loan is made by FiratBanc Corp. under a short-tam line of credit arrangement. Tn'co signs a six-month, 9% promissory note. Interest is payable at maturity. Trioo's year-end is December 31. Requlred: 'I., 2. & 3. Record the necessary entries in the Joumal Entry Worksheet below for Trlco Technologies. [If no entry ls required for a lranaactionlevent. select "No journal entry required" In the fir: account field. Enter your answers In dollars. not In millions (La. 5 should be entered as 5,000,000].) View transaction list Journal entry worksheet Record the issuance of note. Note: Enter debits before credits. August 01. 2018 Jeurnal entry!r worksheet Record the adjustment fer interest. Nete: Enter debits before credits. December 31, 21 B Journal entryr worksheet Record the repayment of the note at maturity. Note: Enter debits before credits. -- On August 1, 2018, Trioo Technologies, an aeronautic electronics company, borrows $20.2 million cash to expand operations. The loan is made by FirstBenc Corp. under a short-tam line of credit arrangement. Tried signs a six-month. 6% promissory note. Interest is payable at maturity. FirstBane Cam's year-end is December 31. Requlred: 1., 2.& 3. Record the necessary entries in tl'e Journal Entry Wowsheet below for FIrstBanr, Corp. (If no entry Is required for a transactionlevent, select "Nojournal entry required" In the rst account eld. Enter your answers In dollars. not In millions (La. 5 should be entered as 5.000.0001.) View transactlon \"St Journal entry worksheet