accounting

The following information applies to the questions displayed below.) Tyrell Co. entered into the following transactions involving short-term liabilities. Year 1 Apr. 20 Purchased $40,000 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 8t, $35,000 note payable along with paying $5,000 in cash July 8 Borrowed $54,000 cash from MBR Bank by signing a 120-day, 109, $54,000 note payable. 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 Borroved $33,000 cash from Fargo Bank by signing a 60-day, 80, $33,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Yargo Bank Year 2 ? Paid the amount duo on the note to Fargo Bank at the maturity date. 4. Determine the interest expense recorded in Year 2. (Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year.) Year end accrual required for Principal x $ 371 x Fargo Bank Rate Time 4939% 27/360 Interest Interest to be recorded in Year 2 38