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Business, 25.10.2019 21:43, jasminecoronetti44
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. record the acceptance of the note by firstban corp.
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On august 1, 2018, trico technologies, an aeronautic electronics company, borrows $20.0 million cash...
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