Please solve all parts correctly and i can rate very fast !
Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $35,500 of merchandise on credit from Locust, terms n/30. May 19 Replaced the Aprit 20 account payable to Locust with a 90 -day, 8$,$35,000 note payable along with paying $500 in cash. Juty 8 Borrowed $54,000 cash from NBR Bank by signing a 120 -day, 11%,$54, 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 $ igning 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. Problem 9-1A (Algo) Part 2 Determine the interest due at maturity for each of the three notes. Note: Do not round intermediate calculations and round your final answer to nearest whole dollar. Use 360 days a year. Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $35,500 of merchandise on credit froa Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 88,$35,000 note payable along with paying $500 in cash. July 8 Borrowed $54,000 cash fron NBR Bank by signing a 120-day, 11\%, $54,000 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 - P Paid the anount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Algo) Part 3 3. Determine the interest expense recorded in the adjusting entry at the end of Year 1. Note: Do not round intermediate calculations and round your final answer to nearest whole dollar. Use 360 days a year. Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $35,500 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 $500 in cash. July 8 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 118,$54,000 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. Novenber 28 Borrowed $33,000 cash from Fargo Bank by signing a 60 -day, 8%,$33,000 note payable. Decenber 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. Problem 9-1A (Algo) Part 4 4. Determine the interest expense recorded in Year 2. Note: Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year
