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Journal entry worksheet Paid the amount due on the note to Locust at the maturity date. Note: Enter debits before credits. Journal entry worksheet 1
Journal entry worksheet Paid the amount due on the note to Locust at the maturity date. Note: Enter debits before credits. Journal entry worksheet 1 2 3 6 Paid the amount due on the note to Fargo Bank at the maturity date. Note: Enter debits before credits. Journal entry worksheet Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Note: Enter debits before credits. Journal entry worksheet (1) 2 8 Paid the amount due on the note to NBR Bank at the maturity date. Note: Enter debits before credits. Journal entry worksheet Borrowed $33,000 cash from Fargo Bank by signing a 60 -day, 8\%, $33,000 note payable. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $36,000 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 $1,000 in cash. July 8 Borrowed $66,000 cash from NBR Bank by signing a 120 -day, 12%,$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. November 28 Borrowed $33,000 cash from Fargo Bank by signing a 60 -day, 8%,$33,000 note payable. December 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. Note: Do not round your intermediate calculations
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