On August 1, 2024, Company A, an aeronautic electronics company, borrows $19.7 million cash to expand...

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On August 1, 2024, Company A, an aeronautic electronics company, borrows $19.7 million cash to expand operations. The loan is made by Company B under a short-term line of credit arrangement. Company A signs a six-month, 9% promissory note. Interest is payable at maturity. Company B's year-end is December 31. Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below for Company B. (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).) View transaction list Journal entry worksheet < 1 2 Record the acceptance of the note. Note: Enter debits before credits. Date August 01, 2024 General Journal Debit Credit Record entry Clear entry View general journal On August 1, 2024, Company A, an aeronautic electronics company, borrows $19.7 million cash to expand operations. The loan is made by Company B under a short-term line of credit arrangement. Company A signs a six-month, 9% promissory note. Interest is payable at maturity. Company B's year-end is December 31. Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below for Company B. (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).) View transaction list Journal entry worksheet < 1 2 Record the acceptance of the note. Note: Enter debits before credits. Date August 01, 2024 General Journal Debit Credit Record entry Clear entry View general journal