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Asian USA 7-09-21575.202020 Required information The following information applies to the questions displayed below! Tyrell Co. entered into the following transactions involving short-term liabilities Year

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Asian USA 7-09-21575.202020 Required information 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 $40,258 of merchandise on credit from Locust, terns 130. May 19 Replaced the April 20 account payable to Locust with a 90-day, 109, $35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,00 cash from NBR Bank by signing a 120-day, 94, $80,000 note payable. Paid the amount due on the note to Locust at the naturity date. Paid the amount due on the note to NBR Bank at the saturity date. Nov. 28 Borrowed 542,00 cash from Fargo Bank by signing a 6e-day, 84, $42,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank Year 2 -7_ Paid the amount due on the note to Fargo Bank at the maturity date. 5. Prepare journal entries for all the preceding transactions and events View transactions Journal entry worksheet 4 7 Purchased 540,250 of merchandise on credit from Locust, terms 1/30 8 Meer det before General Journal Debit Credit Apr 20 Bacarry Carey View general journal

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