ezto.mheducation.com/ext/map/index.html?_conconexternal browser=0&launch Ch. 09 GL P. 9-1a cation.com%252Fmighmiddlewa 15 pornm 1 eBook Alk Print References GL901 (Algo) Based on Problem 09-1A LO P1 The January 1. Year 1 trial balance for the Taylor Company is found on the trial balance tab, The beginning balances are assumed. Perry Company entered into the following transactions involving short-term liabilities, (Use 360 days a year.) Year 1 Apr11 20 Purchased $46,250 of merchandise on credit from Parker, terms 6/30. May 19 July placed the April 20 account payable to Parker with a 30-day, 10%, 536,000 note payable along with paying $10,750 in Borrowed $54,000 cash from AK Bank by signing a 120-day, 10%, $84,000 note payable. cash, August 37 Paid the amount due on the note to Parker at the maturity date. November Pald the amount due on the note to AKR Bank at the maturity date. November 28 Borrowed $81,000 cash from Chicago Bank by signing a 60-day, 0%, $81,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Chicago Bank. Year 2 January 27 Paid the amount due on the note to Chicago Bank at the maturity date. General Requirement Journal General Ledger Trial Balance Schedule of Payables Calculation of Interest Year 2 payment Prepare the journal entries related to notes and accounts payable. Hint: Use the "Calculation of Interest" tab to ensure the accuracy of your entries.