Chapter 11 Homework Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 14 ! Required information (The following information applies to the questions displayed below.) Part 2 of 2 Tyrell Co. entered into the following transactions involving short-term liabilities. 5.55 points 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, 8%, $35,000 note payable along with paying $5,000 in cash. July 8 Borrowed $66,000 cash from NBR Bank by signing a 120-day, 10%, $66,000 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 Borrowed $27,000 cash from Fargo Bank by signing a 60-day, 9%, $27,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 ___ 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. (Do not round your intermediate calculations.) Answer is not complete. No Date General Journal Dahit Credit Return to question 14 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) X Answer is not complete. Part 2 of 2 No Date General Journal Debit Credit 1 Apr 20 Merchandise inventory 40,000 5.55 points Accounts payableLocust 40,000 2 May 19 Accounts payable-Locust 40,000 Cash OOO 5,000 35,000 Notes payableLocust 3 Jul 08 Cash 66,000 oo Notes payable-NBR Bank 66,000 4 Aug 17 35,000 > Notes payableLocust Interest expense Cash 5 Nov 05 Notes payable-NBR Bank Interest expense Cash Return to question 14 Required information 4 Aug 17 Notes payableLocust 35,000 Part 2 of 2 Interest expense Cash 5.55 points 5 Nov 05 Notes payableNBR Bank Interest expense Cash 6 Nov 28 Cash Notes payableFargo Bank 7 Dec 31 Interest expense Interest payable 8 Jan 27 Notes payable-Fargo Bank Interest expense Interest payable Cash