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Chapters 8 & 9 Homework 25 ponts 1 Exercise 8-3 (Algo) Record notes payable (LO8-2) Saved E On August 1, 2024, Tnco Technologies, an
Chapters 8 & 9 Homework 25 ponts 1 Exercise 8-3 (Algo) Record notes payable (LO8-2) Saved E On August 1, 2024, Tnco Technologies, an aeronautic electronics company, borrows $19.5 million cash to expand operations. The loan is made by FirstBanc Corporation under a short-term line of credit arrangement. Trico signs a six-month, 8% promissory note. Interesti payable at maturity. Trico's year-end is December 31. Required: 1. to 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 millions (l.e. 5.5 million should be entered as 5,500,000).) . Het View transaction list View journal entry worksheet Print Date General Journal Deb Credit August 01, 2024 Cash 19.500,000 References N 2 3 Notes Payable December 21, 2024 interest Receivable Interest Revenue January 31, 2025 Notes Payable Insurance Expense Interest Payab 19,500,000 000,000 650,000 10.500.000 130,000 650,000 Das
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