14 4 Required information Part 2 of 5 (The following information applies to the questions displayed below Tyrell Co. entered into the following transactions involving short-term liabilities in 2016 and 2017 4 points 2016 Apr. 20 Purchased $37,500 of merchandise on credit fron Locust, terns n/30. Tyrell uses the perpetual inventory system. May 19 Replaced the April 20 account payable to Locust with a 90-day, $35,e00 note bearing ax annual interest along with paying $2,500 in cash. July 8 Borrowed $60,000 cash from NBR Bank by signing a 120-day, 11% interest-bearing note with a face value of eBook $60,000. Paid the amount due on the note to Locust at the maturity date. Paid the amount due on the note to NBR Bank at the maturity date. Nov. 28 Borrowed $30,eee cash from Fargo Bank by signing a 60-day, 7 % interest-bearing note with a face value of Print $30,000. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 2017 References Paid the amount due on the note to Fargo Bank at the maturity date. 2. Determine the interest due at maturity for each of the three notes. (Do not round your intermediate calculations. Use 360 c year.) Principal x Rate Time Interest Locust 35,000 x 8 % x 90/360 613 NBR Bank 54,000 x 11 % x 120/360 1,980 Fargo Bank S 21,000 x X 60/360 210 37 Saved Chapter 9 Homework 5 Required informetion Part 3 of 5 The following information applies to the questions displayed below Tyrell Co. entered into the following transactions involving short-term liabilities in 2016 and 2017 4 points 2016 Apr. 20 Purchased $37,500 of merchandise on credit froe Locust, teras n/30. Tyrell uses the perpetual inventory system. 19 Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing x annual interest along May with paying $2,500 in cash July 8 Borrowed $60,000 cash from NR Bank by signing a 120-day, 1x interest-bearing note with a face value of Book s60,000. Paid the aount due on the note to Locust at the saturity date Paid the aeount due the note to NBR Bank at the eaturity date. Nov. 28 Borrowed $30,000 cash fron Fargo Bank by signing a 6e-day, 7% interest-bearing note with a face value of Print $30,000. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank 2017 References Paid the anount due on the note to Fargo Bank at the naturity date. 3. Determine the interest expense to be recorded in the adjusting entry at the end of 2016. (Do not round your intermediate calculations. Use 360 days a year.) Year end accrual required for: Fargo Bank Principal x Rate Time Interest Interest to be accrued in 2016 % Chapter 9 Homework Sved 6 Required information (The following information applies to the questions displayed below Part 4 of 5 Tyrell Co entered into the following transactions involving short-term liabiities in 2016 and 2017 4 points 2016 Apr. 20 Purchased $37,500 of merchandise on credit from Locust, terms /3e. Tyrell uses the perpetual inventory system. May 19 Replaced the April 20 account payable to Locust with a 90-day, S5,000 note bearing a annual interest along with paying $2,500 in cash. 8 Borrowed $60,000 cash from NBR Bank by signing a 120-day, 11% interest-bearing note with a face value of $60,000 Paid the amount due on the note t0 Locust at the maturity date. Paid the anount due on the note to MER Bank at the saturity date. July elook Nov. 28 Borrowed $30,ee0 cash frem Fargo Bank by signing a ce-day, 7% interest-bearing note with a face value of Print $30,000. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Sank 2017 References Paid the aount due on the note to Fargo Bank at the satarity date. 4. Determine the interest expense to be recorded in 2017 (Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year.) Year end accrual required for Fargo Bank Principal Rate Time Interest Interest to be recorded in 2017 7 Nov. 28 Borrowed $30,000 cash fron Fargo Bank by signing a 60-day, 7% interest-bearing note with a face value of $30,0ee. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 2017 Paid the anount due on the note to Fargo Bank at the naturity date. art 5 of 5 5.1 Prepare journal entries for all the preceding transactions and events for 2016. (Do not round your intermediate calculations.) nts View transaction list eBook Journal entry worksheet 1 2 3 4 5 6 7 Print Purchased $37,500 of merchandise on credit from Locust, terms n/30. Tyrell uses the perpetual inventory system. eferences Note: Enter debits before credits. Date General Journal Debit Credit Apr 20, 2016 Record entry Clear entry View general journal Saved Chapter 9 Homework 7 Nov. 28 Barrowed $30,000 cash from Fargo Bank by signing a 60-day, 7% interest-bearing note with a face value of $30,000. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 2017 Paid the amount due on the note to Fargo Bank at the maturity date. Part 5 of 5 5.1 Prepare journal entries for all the preceding transactions and events for 2016. (Do not round your intermediate calculations.) 4 points View transaction list eBook Journal entry worksheet 3 5 7 Print Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 8% annual interest along with paying $2,500 in cash. References Note: Enter debits before credits. Date General Journal Debit Credit May 19, 2016 Record entry Clear entry View general journal Chapter 9 Homework Saved 7 28 Borrowed $30,000 cash from Fargo Bank by signing a 6e-day, 7% interest-bearing note with a face value of $30,00. Nov. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 2017 Part 5 of 5 Paid the anount due on the note to Fargo Bank at the maturity date. 5.1 Prepare journal entries for all the preceding transactions and events for 2016. (Do not round your intermediate calculations.) 4 points View transaction list eBook Journal entry worksheet 1 4 5 6 7 > Print Borrowed $60,000 cash from NBR Bank by signing bearing note with a face value of $60,000. a 120-day, 11% interest- References Note: Enter debits before credits Date General Journal Debit Credit Jul 08, 2016 Record entry Clear entry View general journal 14 7 Nov. 28 Borrowed $30,000 cash from Fargo Bank by signing a 60-day, 7x interest-bearing note with a face value of $30,000. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 2017 Paid the anount due on the note to Fargo Bank at the maturity date. Part 5 of 5 5.1 Prepare joumal entries for all the preceding transactions and events for 2016. (Do not round your intermediate calculations.) 4 poines View transaction list eBook Journal entry worksheet 1 2 3 5 6 Print Paid the amount due on the note to Locust at the maturity date. References Note: Enter debits before credits Date General Journal Debit Credit Aug 17, 2016 Record entry Clear entry View general journal Nov. 28 Borrowed $30,0ee cash from Fargo Bank by signing a 60-day, 7% interest-bearing note with a face value of $30,000. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 2017 Part 5 of 5 Paid the anount due on the note to Fargo Bank at the maturity date. 5.1 Prepare journal entries for all the preceding transactions and events for 2016. (Do not round your intermediate celculations.) 4 points View transaction list eBook Journal entry worksheet 3 4 Print Paid the amount due on the note to NBR Bank at the maturity date. References Note: Enter debits before credits. Date General Journal Debit Credit Nov 05, 2016 Record entry Clear entry View general journal Nov. 28 Borrowed $30,e80 cash fron Fargo Bank by signing a 60-day, 7% interest-bearing note with a face value of $30,e00. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Dec. 2017 5 Paid the amount due on the note to Fargo Bank at the naturity date. 5.1 Prepare journal entries for all the preceding transactions and events for 2016. (Do not round your intermediate calculations.) View transaction list Journal entry worksheet 1 2 4 5 7 Borrowed $30,000 cash from Fargo Bank by signing a 60-day, 7 % interest- bearing note with a face value of $30,000. es Note: Enter debits before credits. Date General Journal Debit Credit Nov 28, 2016 View general journal Record entry Clear entry & Nov. 28 Borrowed $30,000 cash from Fargo Bank by signing 6e-day, 7% interest-bearing note with a face value of a $30,000. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 2017 Paid the anount due on the note to Fargo Bank at the maturity date. 5 of 5 5.1 Prepare jounal entries for all the preceding transactions and events for 2016. (Do not round your intermediate calculations.) View transaction list ook Journal entry worksheet 1 2 4 5 6 int Recorded an adjusting entry for accrued interest on the note to Fargo Bank ences Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2016 Record entry Clear entry View general journal