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Check my work mode: This shows what is correct on On August 1, 2021. Trico Technologies, an aeronautic electronics company, borrows $19.0 million cash to
Check my work mode: This shows what is correct on On August 1, 2021. Trico Technologies, an aeronautic electronics company, borrows $19.0 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 (.e.5 should be entered as 5,000,000).) Answer is not complete. General Journal No 1 Date August 01, 2021 Debit Credit Notes Receivable Cash 19,000,000 19.000.000 2 712,500 December 31, 202 Interest Receivable Interest Revenue 712,500 3 January 31, 2022 Cash Interest Receivable Interest Revenue Notes Receivable 712.500 X 142,500 19,000,000 3
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