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On August 1 , 2 0 2 4 , Trico Technologles, an aeronautic electronics company, borrows $ 1 9 . 3 million cash to expand
On August Trico Technologles, 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 maturlty. Trico's yearend is December
Required:
to Record the necessary entrles In the Journal Entry Worksheet below for Trico Technologles. If no entry Is required for a
particular transactionevent select No Journal Entry Requlred" In the first account fleld. Enter your answers In dollars, not
millions le millilon should be entered as
Journal entry worksheet
Record the issuance of note.
Note: Enter debits before credits.
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