Pequired information [The fallowing informalion applies to the qquestions doynlayed buglowi Fyrell Company entered inso the following transactons invoking short term liabities Year. 1 April an Rurchesed 535, poo of eerchandise on credit froe Lecust, terss nige. \$tin in casha - Paid the eecuit due on the note to locvit at the mpturity date. Vaid the arount due on the note to nel bark of the anturity dated Year 2 77. Paid the ascint due en theimere vo- Fargo dark ot the maturity deta. Required: 1. Determine the maturity date for each of the threev notes described Required informstion TThe following informabori applies to the guestions displayed belowv/ Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 Abril 20 Purchased $35,600 of nerchandse on credit from Locust, terns a/30. May 19 Feplaced the Aorit 20 ecceunt payable co Lecust with a 903ay, Dos, 535 , oee note parable alons with poriet sit in cash. July II Earrowed 551,009 cash from hel Eank: by wiening a 120-day, 105, 551,000 note payablin. - Faid the amount due in the noty to tocuit at the maturity date. I'. Fasd the amount due on the note to reR Eank at the miturity date. Desenber 31 mercorded an adjusting entry for accried interest on the note to fareo Bank. Yesi 2 -7 - Paid the anount dis on the note te Farge llank at the maturity date. 2. Deternine the interest due at maturity for each of the thee notes. (Do not round intermediate calculotions and round your final onswer to nearest whole dollor, Use 360 doys a year.) Required information [The following information applies to the questions displayed betow] Tyrell Company entered into the following transactions involving short-temm liabilities. Yeer 1 Apei1 20 Furchased 535 , ose of serchendise en credit from tocust, teras o/10. May 19 Reslaced the Aori1 20 ascount payable to tocust uith a 90 -idoy. 10,135 , 000 note payable olong with naying 50 in cach. July 8 Dorroned \$51,000 cash fron leen Dank by signing a 120-day, 105, 551,000 note poyeble. Paid the asount dee on the note to tocuat at the inturity dote. Paid the eoount dian on the note to lien Bank at the maturity date. Novenber 28 Bcrrowed $27,000 casb from Fargo fark by signieg a 60day,05,527,000 note payable. Decenber 31 Reconded an adjusting entry foe acerued interest on the note to Fargo bank. Yoar 2 - Paid the amount due an the note to fareo llank at the maturity date. Defermine the interest expense recorded in the adjusting entry at the end of Year 1 . (Do not round intermediate calculations and und your final answer to nearest whole dollar. Use 360 days a year.) Required information [The following information applies to the questions disployed below.) Tyrell Company entered into the following transactions inwolving short term liabilities. Year 1 April 20 Porchated $35,000 of menchandice on credit fron locust, terns n/30. May 19 Meplaced the Apei1 20 account noyablo to Locuet with a 90 -day, 5 , sis, 3000 mote payabie along with paring 50 in cash, July 8 Borrowed 551,000cosh fron theh Fank by siening a 120 -day, 10x, 551,000 note payable. - Poid the anount doe an the note to locust at the aaturity date. - Paid tha anownt due on the note to 1 abl Bank at the auturity date. Novenber 28 Borrowed $27,000 cash froe fargo Bank by kigning \& 40 day, ax, 327,000 note payable. Decenber 31 Recorded an adjusting sotey for accried interest on the note to fargo bank. Year 2 - Paid the amount doe on the note to Farso sank at the naturity date. 4. Defermine 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.) Required information [The following information applies to the questions dispiayed betow) Tyrell Company entered into the following transactions involving short-ferm liabilities. Year 1 April 20 Purchated $35, oos of perchandise on credit froe tocust, term n/30. Kay 19 Fenlaced the April 20 account payable to incust with a 90 -day, 18,535,000 note poyahte alore with raying 30 in cash, Ju1y an Barroued \$51, 000 cash fron sis Eank by signing a 120-day, 1ax, \$51,000 note payable. - P. Paid the anount due on the note to Locint at the naturify date. Patd the apount due on the note to bon Bank ot the Eaturity date. Hovenber:20 Borrowed $27,000 cush froe Fargo Bank by signing a co-day, 8x,527,000 mate payable. Deceuber 31 fecorifed an adjosting entry for accrued intereot on the note to fargo flank. Year 2 - Paid the ancunt die on the note to farso Bank at the maturity date- . Prepare joumal entries for all the preceding transactions and events: (Do not round your intermediote calculations.)
