prob 5

Check my w Required information Problem 9-1A (Algo) Short-term notes payable transactions and entries LO P1 The following information applies to the questions displayed below Tyrell Co, entered into the following transactions involving short-term liabilities Year 1 Apr. 2e Purchased $36,500 of merchandise on credit from Locust, teras n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 9%, 535, note payable along with paying $1,500 in cash. July 8 Borrowed $66,000 cash from NBR Bank by signing a 120-day, 11%, 566,000 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 $30,000 cash from Fargo Bank by signing a 60-day, 8X, 530,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Faro Bank. Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. ! Required information Juunnar erly WOINICUL 2 3 4 5 6 7 8 Purchased $36,500 of merchandise on credit from Locust, terms w/30. Note: Enter debits before credits Date General Journal Debit Credit Apr 20 View general journal Clear entry Record entry Help Required information JUUral CFLY WOENSTEEL 1 3 3 4 5 6 7 8 Replaced the April 20 account payable to Locust with a 90-day, 9%, $35,000 note payable along with paying $1,500 in cash. Note: Enter debits before credits. Date General Journal Debit Credit May 19 View general journal Clear entry Record entry 1 N 4 5 6 7 8 Borrowed $66,000 cash from NBR Bank by signing a 120-day, 11%, $66,000 note payable. Note: Enter debits before credits. Date General Journal Debit Credit Jul 08 Record entry Clear entry View general journal Required information JUUrar y WOIASTICUL