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Record the necessary entries in the journal entry

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Question - On August 1, 2024, Trico Technologies, an aeronautic electronics company, borrows $19.1 million cash to expand operations. The loan is made by FirstBanc Corporation under a short-term line of credit arrangement. Trico signs a six-month, 9% promissory note. Interest is payable at maturity. FirstBanc Corporation's year-end is December 31. Record the necessary entries in the Journal Entry Worksheet for FirstBanc Corporation.

Reference no: EM133140575

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