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Please fill in each column Required information The following information applies to the questions displayed below) 6 Tyrell Co entered into the following transactions involving

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Required information The following information applies to the questions displayed below) 6 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, 8X, $35,000 note payable along with paying 56,690 in cash. July 8 Borrowed $60,000 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, 8, $24,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. aints Swipped Year 2 Paid the amount due on the note to Fargo Bank at the naturity date. ebook Pant 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 Locust NBR Bank Fargo Bank x XIX 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 539,000 of merchandise on credit from Locust, terns /30. May 19 Replaced the April 20 account payable to locust with a 90-day, ax, $35,000 note payable along with paying $4,000 in cash. July 8 Borrowed $60,000 cash from Nor Bank by signing a 120-day, 106, $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 NSR Bank at the maturity date. Nov. 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 8, 520,000 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. Book 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 Principal Rate Time Interest Interest to be accrued in Year 1 (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, 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 $4,000 in cash. July 8 Borrowed $60,000 cash from NBR 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, 8%, $24,000 note payable. Dec. 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. 4. Determine the interest expense recorded in Year 2 (Do not round intermediate calculations and round your final ans nearest whole dollar. Use 360 days a year.) Fargo Bank Year end accrual required for Principal X Rate Interest Time X Interest to be recorded in Year 2 9 Year 1 Apr. 20 Purchased 339,000 of merchandise on credit fron 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 $4,000 in cash. July 8 Borrowed 560,000 cash from Nor tank by signing a 120-day, 10%, 360,000 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 Sipped 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 1/30

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