On August 1, 2024, Trico Technologies, an aeronautic electronics company, borrows $20.2 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. Tricos year-end is December 31.

Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below for Trico Technologies.

1. Record the issuance of note.

2. Record the adjusting entry for interest.

3. Record the repayment of the note and payment of interest at maturity.