On August 1, 2024, Trico Technologies, an aeronautic electronics company, borrows $20.5 million cash to expand operations. The loan is made by FirstBanc Corporation under a short-term line of credit arrangement. Trico signs a six-month, 6% promissory note. Interest is payable at maturity. FirstBanc Corporations year-end is December 31.

Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below for FirstBanc Corporation. (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 millions (i.e. 5.5 million should be entered as 5,500,000).)

Record the acceptance of the note.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
August 01, 2024

Record the adjusting entry for interest.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
December 31, 2024

Record the receipt of cash by FirstBanc Corporation at maturity.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
January 31, 2025