Question: This window shows your responses and what was marked correct and incorrect from your On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows

 This window shows your responses and what was marked correct and

This window shows your responses and what was marked correct and incorrect from your On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $200 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, 8% 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 (...5 should be entered as 5,000,000).) No Cantoral Journal Credit 1 Data August 01, 2021 Cash Notes Payable Dabit 20,000,000 20,000,000 2 December 31, 202 Interest Expense Interest Payable 3 January 31, 2022 00 OR

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