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Required information [The following information applies to the question displayed below] Tyrell Company entered into the following transactions involving short-term liabilities: Year 1 April 20 Purchased 537,500 of merchandise on credit from locust, teres n/30. May 19 Replaced the Apri1 20 account payable to Locust with a 90 -day, 98,535,600 note payable along with poying 52,500 in cash. July B Borrowed 563,000 cash fron NBR Bank by signing a 120-day, 11x, 563,000 note payable. Paid the asount due on the note to Locust at the maturity date. Paid the anount due on the note to NER Bank at the maturity date. November 28 Borrowed $24,000 cash from Fargo Bank by signing a 60 -day, 85,$24,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 Paid the amount doe on the note to Fargo Bank at the maturity date, Journal entry worksheet 25678 Purchased $37,500 of merchandise on credit from Locust, terms n/30. Note: Enter debits before credits. Journal entry worksheet Replaced the April 20 account payable to Locust with a 90-day, 9\%, $35,000 note payable along with paying $2,500 in cash. Note: Enter debits before credits, Journal entry worksheet Borrowed $63,000 cash from NBR Bank by signing a 120-day, 11%,$63,000 note payable. Note: Enter debits before credits. Journal entry worksheet