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The toowing informarion applies to the questions displayed below Precision Castparts, a manufacturer of processed engine parts in the automotive and artine indusmies, borrows $40

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The toowing informarion applies to the questions displayed below Precision Castparts, a manufacturer of processed engine parts in the automotive and artine indusmies, borrows $40 milion cash on October 1, 2018, to provide workang captial for antiopated Preason signs a one year, 8% promessory note to Moest Bank under areana ed snort term ane ofoedt meest on the note s payable at matun ton mn nasa ecember 31 year end 2. Record the adjustments on December 31,2018. (f no entry is required for a transaction/event, select "No journal entry required" in the first account tield. Enter your answers in dolilars not in miltlions (i.e, $5.5 million should be entered as 5,500,000).) View transaction list Journal entry worksheet Recerd the adjustment for interest for Precision Castparts Note: trter debts berpro edes. December 3, Interest expense Interest payable iew gener Receed entry Clear entry f 3. Prepare the journal entries on September 30, 2019, to record first account field. Enter notes payable at d pyment or tre notes payable at maturity (" no entry is required for a transactionerent, select- journal entry require-n te your answers in dollars, not in miltions (.e, $6.5 mittion should be entered as 5,500,000)) View transaction list Journal entry worksheet Record the repayment of the note at maturity for Precision Castparts. Note: Enter debits before credits. September 30, 2019 Notes payable payable View general journal Record entry Clear enry

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