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please show the work for January 31, 2022 cash entry On...

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Accounting

please show the work for January 31, 2022 cash entry
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On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $21 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. Trico's year-end is December 31 Required: 1.-3. Record the necessary entries in the Journal Entry Worksheet below for Trico Technologies. (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 complete but not entirely correct. No General Journal Debit Credit 1 Date August 01, 2021 Cash Notes Payable 21.000.000 >> 21.000.000 2 December 31, 202 Interest Expense Interest Payable 787,500 787 Soo 3 January 31, 2022 Interest Expense Interest Payable Notes Payable Cash ololo 157.500 787,500 21,000,000 2,194,000

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