On August 1, Year 1, Company A, an aeronautic electronics company, borrows $19.9 million cash to expand operations. The loan is made by Company B under a short-term line of credit arrangement. Company A signs a six-month, 9% promissory note. Interest is payable at maturity. Company As year-end is December 31. Required: 1.-3. Record the necessary entries in the Journal Entry Worksheet below for Company A. (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 in millions (i.e. 5 should be entered as 5,000,000).)

Exercise 8-3B Record notes payable (LO8-2) On August 1, Year 1, Company A, an aeronautic electronics company, borrows $19.9 million cash to expand operations. The loan is made by Company B under a short-term line of credit arrangement. Company A signs a six-month, 9% promissory note. Interest is payable at maturity. Company A's year-end is December 31. Required: 1.-3. Record the necessary entries in the Journal Entry Worksheet below for Company A. (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 in millions (i.e. 5 should be entered as 5,000,000).) View transaction list Journal entry worksheet 1 2 3 Record the issuance of note. Note: Enter debits before credits. Debit Credit Date August 01 Record entry View general journal General Journal Clear entry Journal entry worksheet 1 2 3 Record the adjusting entry for interest. Note: Enter debits before credits. Date December 31 Record entry General Journal Clear entry Debit Credit View general journal Journal entry worksheet 1 2 3 Record the repayment of the note at maturity. Note: Enter debits before credits. General Journal Date January 31 Record entry Clear entry Debit Credit View general journal