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Record the necessary entries in the journal entry

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Question - On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $19.1 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 - Record the necessary entries in the Journal Entry Worksheet below for FirstBanc Corp.

Reference no: EM133175537

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