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This window shows your responses and what was marked correct and incorrect from your On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows

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This window shows your responses and what was marked correct and incorrect from your On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $200 million cash to expand operations. The loan is made by FirstBanc Corp. under a short-term line of credit arrangement. Trico signs a six-month, 8% promissory note. Interest is payable at maturity. FirstBanc Corp's year-end is December 31 Required: 1-3. Record the necessary entries in the Journal Entry Worksheet below for FirstBanc Corp. (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 (...5 should be entered as 5,000,000).) No Cantoral Journal Credit 1 Data August 01, 2021 Cash Notes Payable Dabit 20,000,000 20,000,000 2 December 31, 202 Interest Expense Interest Payable 3 January 31, 2022 00 OR

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