Required information Problem 8-2A Record notes payable and notes receivable (LO8-2) [The following information applies to the questions displayed below.] Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $40.7 million cash on October 1, 2021, to provide working capital for anticipated expansion. Precision signs a one-year, 9% promissory note to Midwest Bank under a prearranged short-term line of credit. Interest on the note is payable at maturity. Each firm has a December 31 year-end. Record the acceptance of the note by Midwest Bank. Note: Enter debits before credits. Date General Journal Debit Credit October 01, 2021 1 2 Record the adjusting entry for interest for Precision Castparts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021