Question: On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $21 million cash to expand operations. The loan is made by FirstBanc Corp. under



On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $21 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. 9% 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 (i.e. 5 should be entered as 5 , 000 , 000 ) .) Journal entry worksheet On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $21 million cash made by FirstBanc Corp. under a short-term line of credit arrangement. Trico signs a six-month, 9% 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 en transaction/event, select "No Journal Entry Required" in the first account field. Enter your answer should be entered as 5 , 000 , 000 ) .) Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the receipt of cash at maturity. Note: Enter debits before credits
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