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I know its a lot of work but please take your time . Please check your work too Complete each question . Fill in each
I know its a lot of work but please take your time . Please check your work too
Complete each question . Fill in each column , based on the question.
Required information 6 The following information applies to the questions displayed below) Tyrell Co entered into the following transactions involving short-term liabilities. Part 2 of 5 Year 1 Apr. 20 Purchased $39.000 of merchandise on credit from Locust, teras n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, BX, $35,000 note payable along with paying 56,690 in cash. July 8 Borrowed 560,000 cash from NBR Bank by signing - 120-day, 104, 560,000 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 $24,000 cash from Fargo Bank by signing a 60-day, as, $24,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Sipped Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. ebook Print 2. Determine the interest due at maturity for each of the three notes. (Do not round your intermediate calculations. Use 360 days year.) Ceferences Principal x Rate Tinna Interest X Locust NBR Bank Fargo Bank % X x % IX Save 7 Part 3 of 5 Required information The following information applies to the questions displayed below) Tyrell Co. entered into the following transactions involving short term liabilities. Year 1 Apr. 20 Purchased $39,000 of merchandise on credit from Locust, terns /30. May 19 Replaced the April 20 account payable to locust with a 90-day, ax, 135,000 note payable along with paying $4,000 in cash. July 8 Borrowed $60,000 cash fron NBR Bank by signing a 120-day, 106, 160.000 note payable => Paid the anount due on the note to Locust at the maturity date. Paid the amount due on the note to NSR Bank at the maturity date. Nov. 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 5%, $24,000 note payable. Dec. 31 Recorded an adjusting entry for accrued Interest on the note to Fargo Bank. 10 points Skipped Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. Box Print References 3. Determine the interest expense recorded in the adjusting entry at the end of Year 1. (Do not round your intermediate calculations Use 360 days a year.) Year End Accrual Required for Fargo Bank Time Principal X Rate Interest Interest to be accrued in Your 1 Chap 09 Homework Help Seve Ed 8 Required information The following information applies to the questions displayed below) Tyrell Co. entered into the following transactions involving short-term liabilities Part 4 of 5 May Year 1 Apr. 20 Purchased $39,000 of merchandise on credit from Locust, terns /30. 19 Replaced the Aprf1 20 account payable to locust with a 90-day, 34, 335,000 note payable along with paying $4,000 in cash. July B Borrowed 560,000 cash from NBR Bank by signing a 120-day, 10%. 560,000 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 $24,000 cash from Fargo Bank by signing a 6-day, ax, $24,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 10 points Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. eBook References 4. Determine the interest expense recorded in Year 2 (Do not round intermediate calculations and round your final answers to nearest whole dollor. Use 360 days a year.) Year end accrual required for: Fargo Bank Principal Rate Time Interest Interest to be recorded in Year 2 9 Year 1 Apr. 20 Purchased $39,000 of merchandise on credit from Locust, teras n/30. May 19 Replaced the April 2e account payable to Locust with a 90-day, 8X, $35,000 note payable along with paying $4, in cash. July 8 Borrowed 560.000 cash from Nor Bank by signing a 120-day, 10%, $60.000 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 $24,000 cash from Fargo Bank by signing a 60-day, , $24.000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Part 5 of 5 Year 2 _? Paid the amount due on the note to Fargo Bank at the maturity date. 10 points Shipped 5. Prepare Journal entries for all the preceding transactions and events (Do not round your intermediate calculations.) ebook View transaction list References Journal entry worksheet 1 2 3 4 5 6 7 & Purchased $39,000 of merchandise on credit from Locust, terms n/30 9 5. Prepare fournal entries for all the preceding transactions and events (Do not round your intermediate calculations.) View transaction list Part 5 of 5 Journal entry worksheet 10 points Step by Step Solution
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