On August 1, 2024, Trico Technologies, an aeronautic electronics company, borrows $19.5 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, 8% 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

Journal entry worksheet Record the receipt of cash by FirstBanc Corporation at maturity. Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry for interest. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits