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can someone please help me with this assignment The January 1, 2016 trial balance for the Tyrell Company is found on the trial balance tab.

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can someone please help me with this assignment

The January 1, 2016 trial balance for the Tyrell Company is found on the trial balance tab. The beginning balances are assumed Tyrell Co. entered into the following transactions involving short-term liabilities in 2016 and 2017. (Use 360 days a year.) 2016 Apr. 20 Purchased $40,250 of merchandise on credit from Locust, terms are n/30. Tyrell uses the perpetual inventory system with paying $5, 250 in cash $80, 000 May 19 Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 10% annual interest along July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 9% interest-bearing note with a face value of Aug. 17 Paid the amount due on the note to Locust at the maturity date Nov. 5 Paid the amount due on the note to NBR Bank at the maturity date Nov. 28 Borrowed $42,000 cash from Fargo Bank by signing a 60-day, 8% interest-bearing note with a face value of $42,000 Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank 2017 Jan. 27 Paid the amount due on the note to Fargo Bank at the maturity date Schedule of Payables Calculation of 2017 payment General Journal General Ledger Requirement Trial Balance Interest General Journal tab Prepare the 2016 journal entries related to the notes and accounts payable of Tyrell Co Calculation of interest tab - Use the interest formula (P x Rx T) to verify the amount of interest recorded in your entries Verify that total interest expense agrees with the trial balance 2017 payment tab Prepare the January 27, 2017 entry to record the repayment of the note at maturity

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