On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $19.6 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, 9% promissory note. Interest is payable at maturity. Thco's year-end is December 31 Required: 1-3. Record the necessary entries in the Journal Entry Worksheet below for Trico Technologies. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account fleld. Enter your answers in dollars, not in millons (l.e. 5 should be entered as 5,000,000). View transaction list Journal entry worksheet 2 Record the issuance of note Notes Enter debits before credits Date General Journal Debi Credit August 01, 2021 Record entry Clear enby View general Journal On August 1,2021, Trico Technologies, an aeronautic electronics company, borrows $19.6 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, 9% promissory note Interest is payable at maturity. Trico's year-end is December 31 Required: 1.-3. Record the necessary entries in the Journal Entry Worksheet below for Taco Technologies (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field. Enter your answers in dollars, not in millons (l.e.5 should be entered as 5,000,000).) View transaction ist Journal entry worksheet 1 Record the adjusting entry for interest. Notes Untee debiru before credits General Journal Debit Credit Date December 312021 Record entry Cleantry View general journal On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $19.6 million cash to expand operations. The loan is made by FirstBanc Corp. under a short-term line of credit arrangement. Thco signs a six-month, 9% promissory note Interest is payable at maturity. Trico's year-end Is December 31. Required: 1-3. Record the necessary entries in the Journal Entry Worksheet below for Trico Technologies. (If no entry is requlred for a particular transaction/event, select "No Journal Entry Required" In the first account field. Enter your answers in dollars, not in millons (l.e.5 should be entered as 5,000,000).) View transaction list Journal entry worksheet ces Record the repayment of the note at maturity. Notes Enter debits before credits Date General Journal Debit Credit January 31, 2022 Record entry Clear entry View general jurnal
