D2L Chapter 8 Homework - 3( x M Question 11 - Chapter 8 1 *Course Hero X M Question 11 - Chapter 8 | X D2L Chapter 8 Homework - 3( X + O X go ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com... LB : YouTube Music M Gmail LG MyPima D2L D2L . Google Maps [ Others [ School ) Work ) STUDY | All Bookmarks Chapter 8 Homework Submitted 11.63/15 Total points awarded Help Exit 11 Problem 8-2A (Algo) Record notes payable and notes receivable (LO8-2) Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $39.4 million cash on October 1, 2024, to provide working capital for anticipated expansion. Precision signs a one-year, 9% promissory note to Midwest Bank under a prearranged short-term line of credit. Interest on the note is payable at maturity. Each company has a December 31 year-end. 0.16/1.25 oints awarded Required: Scored 1. Prepare the journal entries on October 1, 2024, to record (a) the notes payable for Precision Castparts and (b) the notes receivable for Midwest Bank. 2. Record the adjusting entry on December 31, 2024, for (a) Precision Castparts and (b) Midwest Bank. 3. Prepare the journal entries on September 30, 2025, to record payment of (a) the notes payable for Precision Castparts and (b) the notes receivable for Midwest Bank BOOK Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 References Prepare the journal entries on September 30, 2025, to record payment of (a) the notes payable for Precision Castparts and (b) the notes receivable for Midwest Bank. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your field. Enter your answers in dollars, not in millions. For example, $5.5 million should be entered as 5,500,000.) Show less A No Date General Journal Debit Credit 1 September 30, 20 X 2 September 30, 20 91.F 9:38 PM Mostly clear Q Search TNEW ENG 7/2/2024 PRE