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On August 1, 2018. Trice Technologies, an aeronautic electronics company, l borrows $20.8 million cash to expand operation. The loan is made by First Banc

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On August 1, 2018. Trice Technologies, an aeronautic electronics company, l borrows $20.8 million cash to expand operation. The loan is made by First Banc Corp. under a short term line of credit, arrangement. Trice signs a six month, 6% promissory note. Interest payable at maturity. Trico's year end is December 31 Required. 1., 2 & 3. Record the necessary entries in the Journal Entry Worksheet below for Trico Technologies

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