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4 On August 1, 2018, Trico Technologies, an aeronautic electronics company, borrows $20.0 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, 8% promissory note. Interest is payable at maturity. FirstBanc Corp's year-end is December 31. 13.12 points Required: 1., 2.& 3. Record the necessary entries in the Journal Entry Worksheet below for FirstBanc Corp. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions (.e. 5 should be entered as 5,000,000).) View transaction list eBook Journal entry worksheet References Record the acceptance of note. Note: Enter debits before credits. General Journal Debit Credit Date August 01, 2018 Record entry Clear entry View general journal Journal entry worksheet Record the adjustment for interest. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2018 Record entry Clear entry View general journal Journal entry worksheet Record the employee salary expense, withholdings, and salaries payable. Note: Enter debits before credits. Date General Journal Debit Credit January 31 Record entry Clear entry View general journal Journal entry worksheet N Record the employer-provided fringe benefits. Note: Enter debits before credits. Date General Journal Debit Credit January 31 Record entry Clear entry View general journal Journal entry worksheet Record the contingent liability for warranties. Note: Enter debits before credits General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal Journal entry worksheet Record the receipt of revolving credit. Note: Enter debits before credits. General Journal Debit Credit Date January 13 Record entry Clear entry View general journal Journal entry worksheet Record the receipt of cash for gift cards. Note: Enter debits before credits. Date General Journal Debit Credit November 30 Record entry Clear entry View general journal Journal entry worksheet Record the revenue earned from redemption of gift cards. Note: Enter debits before credits. General Journal Debit Credit Date December 31

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