Question: Exercise 8-3 (Algo) Record notes payable (LO8-2) On August 1, 2024. Trico Technologies, an aeronautic electronics company, borrows $19.3 million cash to expand operations. The



Exercise 8-3 (Algo) Record notes payable (LO8-2) On August 1, 2024. Trico Technologies, an aeronautic electronics company, borrows $19.3 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, 9% 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 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 ).) Record the issuance of note. Note: Enter debits before credits. Record the adjusting entry for interest. Note: Enter debits before credits. Record the repayment of the note and payment of interest at maturity. Note: Enter debits before credits
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