Part 1 of 3 136 po 03:06:46 Pat References Required information (The following information applies to the questions displayed below) Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $397 million cash on October 1, 2021 to provide working capital for anticipated expansion Precision signs a one-year. 9% promissory note to Midwest Bank under a prearranged short term line of credit. Interest on the note is payable at maturity Each firm has a December 31 year-end. Required: 1. Prepare the journal entries on October 1, 2021, to record the issuance of the note of no entry is required for a transaction/event. select "No Journal Entry Required" in the first account field. Enter your answers in dollers, not in millions. For example, $5.5 million should be entered as 5,500,000.) View transaction list Journal entry worksheet < 1 2 Record the issuance of the note by Precision Castparts Next >