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On August 1 , 2 0 2 4 , Trico Technologies, an aeronautic electronics company, borrows $ 1 9 . 8 million cash to expand

On August 1,2024, Trico Technologies, an aeronautic electronics company, borrows $19.8 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. Interest is
payable at maturity. Trico's year-end is December 31.
Required:
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 (i.e.5.5 million should be entered as 5,500,000).)
Journal entry worksheet
1
2
3
Record the repayment of the note and payment of interest at maturity.
Note: Enter debits before credits.
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