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solve all of them please Exercise 8-3 (Algo) Record notes payable (LO8-2) On August 1, 2024. Trico. Technologies, an aeronautic electronics company, borrows $20.8 million
solve all of them please
Exercise 8-3 (Algo) Record notes payable (LO8-2) On August 1, 2024. Trico. Technologies, an aeronautic electronics company, borrows $20.8 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, 6% promissory note. Interest is payable at maturity. Trico's year-end is December 31 . Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below for Trico Technologies. (If no entry is required for a particular transaction/event, select "No Joumal 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 repayment of the note and payment of interest at maturity. Note1 Enter debits before credits. Exercise 8-3 (Algo) Record notes payable (LO8-2) On August 1, 2024. Trico Technologies, an aeronautic electronics company, borrows $20.8 million cash to expand operations. The loan is made by FirstBanc Corporation under a short-term line of credit arrangement. Trica signs a six-month, 6% promissory note. Interest payable at maturity. Trico's year-end is December 31 . Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below for Trico Technologies, (If no entry is required for a porticular 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 On August 1, 2024. Trico Technologies, an aeronautic electronics company, borrows $20.8 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, 6% promissory note. Interest is payable at maturity. Trico's year-end is December 31 . Required: 1. to 3. Record the necessary entries in the Joumal Entry Worksheet below for Trico Technologies. (If no entry is required for a particular transoction/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 adjusting entry for interest. Noter Enter debits bufore credits Step by Step Solution
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