Question: Exercise 8-4A Record notes receivable (L08-2) On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $20.2 million cash to expand operations. The loan


Exercise 8-4A Record notes receivable (L08-2) On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $20.2 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, 6% 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 (i.e. 5 should be entered as 5,000,000).) View transaction list Journal entry worksheet 2 3 Record the acceptance of note. Note: Enter debits before credits General Journal Debit Credit Date August 01, 2021 AAAAA clear entry View general journal Record entry View transaction list Journal entry worksheet Record the adjusting for interest. e: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general journal View transaction list Journal entry worksheet
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