The following information apples to the questions displayed below Precision Cestparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $39.9 million cash on October 1, 2018, 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 frm has a December 31 year-end Required information 3. velue 600 points Required: 1. Prepare the journal entries on October 1, 2018, 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 dolars, not in millions (Le, $5.5 million should be entered as 5,500,000)) View transaction list Journal entry worksheet 2 Record the issuance of the note by Precision Castparts Nate: Enter debits befsre oredts General Journal Cred Date Debit October 01, 2018 Clear entry Record entry View general journal References eBook & Resources Dfouty: 3 Hard Leaming Obiective 06-02 Account for notes payable and interest expense General Jourmal 4. Required information value 6.00 points 2. Record the adjustments on December 31, 2018. (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 (.e, $5.5 million should be entered as 5,500,000).) View transaction list Journal entry worksheet