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On August 1, 2021, Trico Technologies, on aeronautic electronics company, borrows $20.0 million cash to expand operations. The loan Is made by FirstBanc Corp. under

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On August 1, 2021, Trico Technologies, on aeronautic electronics company, borrows $20.0 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.-3. Record the necessary entries in the Journal Entry Worksheet below for FirstBanc Corp. (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 millions (ie. 5 should be entered as 5,000,000).) arded General Journal Crt Ho Dahil 20,000,000 1 August 01, 2021 Cash Notes Payable O 20,000,000 2 December 31, 202 Interest Expense interest Payablo 0 3 January 31, 2022 nces 00 O

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