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On August 1, 2018, Trico Technologies, an aeronautic electronics company, borrows $20.6 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 $20.6 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, 6% 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 (.e.5 should be entered as 5,000,000).) 5 View transaction list Journal entry worksheet 12 ints 1 2 3 eBook Record the acceptance of note. References Note: Enter debits before credits General Journal Debit Credit Dato August 01, 2018 Record entry Clear entry View general Journal Joulu ve ellereu ab 5,000,000).) View transaction list Journal entry worksheet View transaction list Journal entry worksheet 2 ook Record the receipt of cash at maturity. rences Note: Enter debits before credits. General Journal Debit Credit Date January 31, 2019 Record entry Clear entry View general journal

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