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April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 10%,$35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120 -day, 9%,$80,000 note payable. August 17 Paid the amount due on the note to Locust at the maturity date. November 5 Paid the amount due on the note to NBR Bank at the maturity date. lovember 28 Borrowed $42,000 cash from Fargo Bank by signing a 60-day, 8%,$42,060 note payable. lecember 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 anuary 27 Paid the amount due on the note to Fargo Bank at the maturity date. Enter the principal amount, interest rate, and number of days of interest to be recorded for each note. Verify that interest expense agrees with your journal entries and the trial balance