Required information {The following Information applies to the questions displayed below) a Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $39 million cash on October 1, 2021, to provide working capital for anticipated expansion Precision signs a one-year, 7% 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. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in dollars, not in millions. For example, $5.5 million should be entered as 5,500,000.) View transaction Hist Journal entry worksheet 1 2 > Record the issuance of the note by Precision Castparts. Note: Enter debits before credits 3 Required: 1. Prepare the journal entries on October 1, 2021, to record the issuance of the note. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions. For example. $5.5 million should be entered as 5,500,000.) View transaction list Journal entry worksheet