Question: On November 1 , 2 0 2 4 , Quantum Technology, a geothermal energy supplier, borrowed $ 5 million cash to fund a geological survey.

On November 1,2024, Quantum Technology, a geothermal energy supplier, borrowed $5 million cash to fund a geological survey. The
loan was made by Nevada BancCorp under a noncommitted short-term line of credit arrangement. Quantum issued a nine-month, 6%
promissory note. Interest was payable at maturity. Quantum's fiscal period is the calendar year.
On November 1,2024, Quantum Technology, a geothermal energy supplier, borrowed $5

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