GL0901-Based on Problem 9-1A LO C2, P1 The January 1,2016 trial balance for the Parker Company is found on the trial balance tab. The beginning balances are assumed. Parker Co. entered into the following transactions involving short-term liabilities in 2016 and 2017. (Use 360 days a year) 2016 Apr 20 Purchased $44,750 ot merchandise on credit trom Carter, terma are n/30. Parker unen the perpetual inventory May 19 Replaced the April 20 account payable to Carter vith a 90-day, 936,000 note bearing es annual interest along July e Borrowed $108,000 eash from MTR 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 Carter at the maturity date. with paying $8,750 in cash. $108,000. Nov. 5 Paid the amount due on the note to NTR Bank at the maturity date. Nov. 28 Borrowed $69,000 cash from Albany Bank by 8igning a 60-day, 8% interest-bearing note with a face value of Dec. 31 Recorded an adjusting entry for accrued interest on the note to Albany Bank 2017 $69,000 Jan. 27 Paid the amount due on the note to Albany Bank at the naturity date. General Trial Balance Payables Ledger Schedule of Calculation of 2017 payment Interest Here are the balances in Accounts and Notes payable based on your journal entries of