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using this info how do i slove thses problems given ...

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Accounting

using this info how do i slove thses problems given
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Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $40 Precision signs a one-year. 9% promissory note to Midwest Bank under a prearranged es, borrows $40.7 million cash on October 1, 2018, to provide working capital for anticipated expansion e of credit. Interest on the note is payable at maturity. Each firm has a December 31 year-end Journal entry worksheet Record the issuance of the note by Precision Castparts. Noter Enter debits before General Journal Debit Credit Date October 01, 2018 Cash Notes payable Journal entry worksheet Record the acceptance of the note by Midwest Bank. Note: Enter debits before credits. General Journal Debit Credit Date October 01, 2018 Journal entry worksheet Record the adjustment for interest for Precision Castparts. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2018 Journal entry worksheet 15 2 E Record the adjustment for interest for Midwest Bank. Note: Enter debits befo General Journal Debit Credit Dece 20

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