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Saved Help Save & Exit Sub On August 1, Year 1. Company A, an aeronautic electronics company, borrows $19.8 million cash to expand operations. The
Saved Help Save & Exit Sub On August 1, Year 1. Company A, an aeronautic electronics company, borrows $19.8 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, 8% 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).) 0:31:39 View transaction list oped Journal entry worksheet 1 2 3 Record the issuance of note. Note: Enter debits before credits. Conoral Tournal nahit r adit Journal entry worksheet 11 Journal entry worksheet 1 2 Record the repayment of the note at maturity. Note: Enter debits before credits. General Journal Debit Credit Date January 31 Record entry Clear entry View general journal
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