Question: Exercise 8-3 Record notes payable (L08-20 On August 1, 2018, Trico Technologies, an aeronautic electronics company bomows s20.8 milloncashto expand operations. made by FirstBanc Corp
Exercise 8-3 Record notes payable (L08-20 On August 1, 2018, Trico Technologies, an aeronautic electronics company bomows s20.8 milloncashto expand operations. made by FirstBanc Corp under a short-term ineofaedt arrangement. Trico signs a sb-month, 6% The loan is promissory note. Interest is payable at maturity. Trico's year-end is 31 Required 1. 2. & 3. Record the necessary entries in the Journal Entry worksheet below for Trico Technologies. (f no entry is required for a transaction/event, select "No al entry required" in the first account field. Enter your answers in dollars, not in millions (le.5 should be entered as 5.000.000) view transaction view Journal Entry Worksheet 20 Record the issuance of note. Debit Credit General Journal Date August 01, 2018
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