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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

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

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