Problem $9-1$A $($Algo$)$ Short$-$term notes payable transactions and entries LO P$1$

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Tyrell Company entered into the following transactions involving short$-$term liabilities.

Year $1$

April $20$ Purchased $$37,000$ of merchandise on credit from Locust, terms n$/30.$

May $19$ Replaced the April $20$ account payable to Locust with a $90-$day, $9\%,$ $$35,000$ note payable along with paying $$2,000$ in cash.

July $8$ Borrowed $$57,000$ cash from NBR Bank by signing a $120-$day, $11\%,$ $$57,000$ note payable.

$\_\_?$question mark$\_\_$ Paid the amount due on the note to Locust at the maturity date.

$\_\_?$question mark$\_\_$ Paid the amount due on the note to NBR Bank at the maturity date.

November $28$ Borrowed $$21,000$ cash from Fargo Bank by signing a $60-$day, $8\%,$ $$21,000$ note payable.

December $31$ Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

Year $2$

$\_\_?$question mark$\_\_$ Paid the amount due on the note to Fargo Bank at the maturity date.

Problem $9-1$A $($Algo$)$ Part $5$

$5.$ Prepare journal entries for all the preceding transactions and events.