Exercise 8 - 3 ( Algo ) Record notes payable ( LO 8 - 2 ) On
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667afb29d9a88_721667afb29028e2.jpg)
Exercise Algo Record notes payable LO
On August Trico Technologies, an aeronautic electronics company, borrows $ million cash to expand operations. The loan is made by FirstBanc Corporation under a shortterm line of credit arrangement. Trico signs a sixmonth, promissory note. Interest is payable at maturity. Trico's yearend is December
Required:
to Record the necessary entries in the Journal Entry Worksheet below for Trico Technologies. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field. Enter your answers in dollars, not millions ie million should be entered as
Journal entry worksheet
Record the issuance of note.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditAugust
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667afb2a72a85_722667afb2a63e5a.jpg)
Posted Date: