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! Required information (The following information applies to the questions displayed below.) Precision Castparts, a...

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! Required information (The following information applies to the questions displayed below.) Precision Castparts, a manufacturer of processed engine parts in the automotive and airline Industries, borrows $39 million cash on October 1, 2021, to provide working capital for anticipated expansion, Precision signs a one-year, 7% promissory note to Midwest Bank under a prearranged short-term line of credit. Interest on the note is payable at maturity. Each firm has a December 31 year-end. 3. Prepare the journal entries on September 30, 2022, to record payment of the notes payable at maturity. (Do not round Intermediate calculations. 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. For example, $5.5 million should be entered as 5,500,000.) View transaction lit Journal entry worksheet

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