On August 1, 2018, Trico Technologies, an aeronautic electronics company, borrows $19.9 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, 9% promissory note. Interest is payable at maturity. Tricos year-end is December 31.

Required:

1., 2. &3.Record the necessary entries in the Journal Entry Worksheet below for Trico Technologies