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On August 1, 2024, Trico Technologies, an aeronautic electronics company, borrows $203 million cash to expand operations. The loan 15 made by FirstBanc Corporation under

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On August 1, 2024, Trico Technologies, an aeronautic electronics company, borrows $203 million cash to expand operations. The loan 15 made by FirstBanc Corporation under a snort-term line of credit arrangement. Trico signis a six-month, 6% promissory note. Interest is payable at maturity. Trico's year-end is December 31 Required: 1. to 3. Record the necessary entries in the Joumal Entry Worksheet below for Trico lechnologies. (If no entry is required for a particular transaction/event, select "No Joumal 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 ).) Journal entry worksheet 3 Exercise 8-3 (Algo) Record notes payable (LO8-2) On August 1, 2024. Trico Technologies, an oeronautic electronics company, bortows $203 million cash to expand operations The loan is made by FirstBanc Corporation undet o snoit-term line of credit arrangement. Trico signs a six-month, 6% promissory note. Interest is payable at moturity. Trico's year-end is December 31 Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below for Trico Technologies. (If no entry is required for a particular tronsaction/event, select "No Joumal 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) ). Journal entry worksheet 3 Record the adjusting entry for interest. Note: Entirr debits belare credits. Exercise 8-3 (Algo) Record notes payable (LO8-2) On August 1, 2024, Trico Technologies, on aeronautic electronics company, borrows $203 mition conik so expand operaions. The loan is made by Fistbanc Corporation under a shoit-temm line of credit arrangement. Tico signs a ske-montit, 64 pgond opernissory note. Interest is payable at maturity. Trico s year-end is December 31 Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below for Irico Fechnologies (If no entry is required for a particular transaction/event, select "No Joumal Entry Required" in the first nccount field. Enter your answers in dollars, not milions (i.e. 5.5 million should be entered as 5,500,000). ) Journal entry worksheet Record the repayment of the note and payment of interest at maturity. Note: Foter debls before credits

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