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Required information Skip to question [ The following information applies to the questions displayed below. ] Tyrell Company entered into the following transactions involving short
Required information
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The following information applies to the questions displayed below.
Tyrell Company entered into the following transactions involving shortterm liabilities.
Year
April Purchased $ of merchandise on credit from Locust, terms n
May Replaced the April account payable to Locust with a day, $ note payable along with paying $ in cash.
July Borrowed $ cash from NBR Bank by signing a day, $ note payable.
question mark Paid the amount due on the note to Locust at the maturity date.
question mark Paid the amount due on the note to NBR Bank at the maturity date.
November Borrowed $ cash from Fargo Bank by signing a day, $ note payable.
December Recorded an adjusting entry for accrued interest on the note to Fargo Bank.
Year
question mark Paid the amount due on the note to Fargo Bank at the maturity date.
Prepare journal entries for all the preceding transactions and events.
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