B Ou9d 10 Hew 3 tumheducation.com 3-Chaptert Save & Ext Check my work (The gator apples to the questions dipityect Tyre Company red to the folowing transactions wolving short- Year T Lacut, teres 13 May 18 Replaced the April 29 account payable to Locust with a-day, 10, 135,000 nate payable slang with ying $5,250 in cash. December 31 Near 2 Berrowed ss0,000 cash from Ne Bank by signing a Paid the aunt due en the note to Lecust at the saturity date. Paid the amount due on the note to NR Bass at the maturity date. Burried $42,0re cosh froe Farge Bank by signing a Recorded an adjusting entry for accrued interest on the note to Fargo Bank, Paid the amount due me the note to Fargo Bank at the maturity date. 3. Determine the interest expense recorded in the adjusting entry at the end of Year 1 (Do not round your intermediate calculations. Use 360 days a year.) Year End Acunal Required For Fargo Bank Principal Rate Time Interest rest to be accrued in Year 19 >