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On August 1, 2024. Trico Technologies, an aeronautic electronics company, borrows $197 million cash to expand operations. The loan is made by FirstBanc Corporation under

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On August 1, 2024. Trico Technologies, an aeronautic electronics company, borrows $197 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, 9% promissory note. Interest is payable at maturity. FirstBanc Corporation's 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).) Journal entry worksheet Record the acceptance of the note. Note: Lnter dedits twdare awdite. On August 1, 2024, Trico Technologies, an deronautic electronics company, borrows $197 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, 9% promissory note. Interest is payable at maturity. FirstBanc Corporation's 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, seiect "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) ).) Journal entry worksheet Record the adjusting entry for interest. Note: Livter detuts bufore credits. On August 1, 2024, Trico Technologies, an aeronautic electronics company, borrows $197 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, 9% promissory note. Interest is payable at maturity. FirstBanc Corporation's year-end is December 31. Required: 1. to 3. Record the necessary entries in the Joumal 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 ).) Journal entry worksheet Record the receipt of cash by FirstBanc Corporation at maturity. Noted Enter detuts bolore crodits

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