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please help i am confused On August 1, Year 1....

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Accounting

please help i am confused
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On August 1, Year 1. Company A, an aeronautic electronics company, borrows $19.0 million cash to expand operations. The loan is made by Company B under a short-term line of credit arrangement Company A signs a six-month, 9% promissory note Interest is payable at maturity. Company B's year-end is December 31, Required: 1.-3. Record the necessary entries in the Journal Entry Worksheet below for Company B. (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 (l.e.5 should be entered as 5,000,000).) Answer is not complete. No General Journal Debit Credit Date August 01 1 19,000,000 Cash Notes Payable 9 19,000,000 2 December 31 712.500 Interest Expense Interest Payable 712,500 3 January 31 Notes Payable interest Expense interest Payable Cash $ 19,000,000 142,500 712,500 19,855,000

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