Question: On August 1 , 2 0 2 4 , Trico Technologies, an aeronautic electronics company, borrows $ 2 1 million cash to expand operations. The
On August Trico Technologies, an aeronautic electronics company, borrows $ million cash to expand operations. The loan is made by FirstBanc Corporation under a shortterm line of credit arrangement. Trico signs a sixmonth, promissory note. Interest is payable at maturity. Trico's yearend is December
Required:
to Record the necessary entries in the Journal Entry Worksheet below for Trico Technologies. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account fleld. Enter your answers in dollars, not millions le million should be entered as
Journal entry worksheet
Record the issuance of note.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CredittableAugust
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