Help Save & Exit liabilities. 1. An 1OU of li . FICA and FUTA. Prev 1 of 9 Next > Required information Problem 8-2A Record notes payable and notes receivable (LO8-2) (The following information applies to the questions displayed below) Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $41 million cash on October 1, 2021, to provide working capital for anticipated expansion. Precision signs a one-year, 9% promissory note to Midwest Bank under a prearranged short-term line of credit. Interest on the note is payable at maturity. Each firm has a December 31 year-end Problem 8-2A Part1 Required: 1. Prepare the journal entries on October 1, 2021, to record the issuance of the note. (If no entry is required for a transaction/event select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions. For example, $5.5 million should be entered as 5,500,00o.) 0.28 PM 35/2019 quick access, place your bookmarks here on the bookmarks bar, Import bookmarks now 2 Required information Part 1 of 3 Record the issuance of the note to Precision Castparts. 2.22 er debits bef 01:30-32 Date General Journal 01, 2021 Refer h Required information Problem 8-2A Record notes payable and notes receivable (LO8-2) (The following information applies to the questions displayed below) Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $41 million cash on October 1, 2021, to provide working capital for anticipated expansion. Precision signs a one-year, 9% promissory note to Midwest Bank under a prearranged short-term line of credit. Interest on the note is payable at maturity. Each firm has a December 31 year-end Problem 8-2A Part1 Required: 1. Prepare the journal entries on October 1, 2021, to record the issuance of the note. (If no entry is required for a transaction/event select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions. For example, $5.5 million should be entered as 5,500,00o.) 0.28 PM 35/2019 quick access, place your bookmarks here on the bookmarks bar, Import bookmarks now 2 Required information Part 1 of 3 Record the issuance of the note to Precision Castparts. 2.22 er debits bef 01:30-32 Date General Journal 01, 2021 Refer h