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On August 1, 2018, Trico Technologies, an aeronautic electronics company, borrows $19.8 million cash to expand operations. The loan is made by FirstBanc Corp. under

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On August 1, 2018, Trico Technologies, an aeronautic electronics company, borrows $19.8 million cash to expand operations. The loan is made by FirstBanc Corp. under a short-term line of credit arrangement. Trico signs a six-month, 8% promissory note. Interest is payable at maturity. FirstBanc Corp's year-end is December 31. Required: 1., 2.& 3. Record the necessary entries in the Journal Entry Worksheet below for FirstBanc Corp. (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 (l.e.5 should be entered as 5,000,000).) View transaction list Journal entry worksheet 1 2 3 Record the acceptance of note. Note: Enter debits before credits General Journal Debit Credit Date August 01, 2018 Record entry Clear entry View general journal On August 1, 2018, Trico Technologies, an aeronautic electronics company, borrows $19.8 million cash to expand operations. The loan is made by FirstBanc Corp. under a short-term line of credit arrangement . Trico signs a six- month, 8% promissory note Interestis payable at maturity. FirstBanc Corp's year-end is December 31 Required: 1, 2 & 3. Record the necessary entries in the Journal Entry Worksheet below for FirstBanc Corp. (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 (ie. 5 should be entered as 5,000,000).) View transaction list Journal entry worksheet Record the adjustment for interest. Note: Enter debts before credits Date Credit Deble General Journal December 31, 2018 Record entry Clear entry View general Journal VO On August 1, 2018. Trico Technologies, an aeronautic electronics company, borrows $19.8 million cash to expand operations. The loan is made by FirstBanc Corp under a short-term line of credit arrangement. Trico signs a six-month, 8% promissory note. Interest is payable at maturity FirstBand Corp's year-end is December 31 Required: 1..2.& 3. Record the necessary entries in the Journal Entry Worksheet below for FirstBanc Corp. (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 (i.e. 5 should be entered as 5,000,000).) View transaction list Journal entry worksheet 2 Record the receipt of cash at maturity Toote: Enter debits before credits General Journal Debit Credit January 31, 2019 Record entry Clear entry View general journal

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