Aerospace Engineering borrows $40 million cash on November 1, 2018. Aerospace signs a six-month, 6% promissory note to First National 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. 1. Prepare the journal entries on November 1, 2018 to record (a) the notes payable for Aerospace Engineering and (b) the notes receivable for First National Bank. 2. Record the adjusting entries on December 31, 2018 for (a) Aerospace Engineering and (b) First National Bank. 3. Prepare the journal entries on April 30, 2019 to record payment of (a) the notes payable for Aerospace Engineering and (b) the notes receivable for First National Bank.

answer; /// the above statement is (true); good luck

answer: penis

explanation:

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent