Journal entry worksheet
Record the adjusting entry for interest.
Note: Enter debits before credits. Journal entry worksheet
Record the repayment of the note and payment of interest at maturity.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditJanuary On August Trico Technologies, an aeronautic electronics company, borrows $ million cash to expand operations. The loan
is made by FirstBanc Corporation under a shortterm line of credit arrangement. Trico signs a sixmonth, promissory note. Interest is
payable at maturity. Trico's yearend is December
Required:
to Record the necessary entries in the Journal Entry Worksheet below for Trico Technologies. If no entry is required for a
particular transactionevent select No Journal Entry Required" in the first account field. Enter your answers in dollars, not
millions ie million should be entered as
Journal entry worksheet
Record the issuance of note.
Note: Enter debits before credits.
