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please help i will rate good Tyrell Co. entered into the following transactions involving short-term liabilities in 2017 and 2018. 2017 Apr. 20 Purchased $35,500
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Tyrell Co. entered into the following transactions involving short-term liabilities in 2017 and 2018. 2017 Apr. 20 Purchased $35,500 of eerchandise on credit fron Locust, terms n/30. Tyrell uses the perpetual inventory system. May 19 Replaced the April 20 account payable to Locust with a 90 -day, $35, eae note bearing 88 annual interest along with paying $500 in cash. July 8 Borrowed $69, 000 cash from NBR Bank by signing a 120-day, 10s interest-bearing note with a face vatue of $69, 000 . - ? - Paid the anount due on the note to Locust at the naturity date. - Paid the amount due on the note to NBR Bank at the maturity date. Nov. 28 Borroved $30,080 cash fros Fargo Bank by signing a 60 -day, 96 interest-bearing note with a face value of 530,080 . Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 2018 Paid the anount due on the note to Fargo Bank at the naturity date. Determine the interest due at maturity for each of the three notes. (Do not round your intermediate calculations. Use 360 days a ear.) Step by Step Solution
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