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questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $39,500 of merchandise on credit from Locust,

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questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $39,500 of merchandise on credit from Locust, terms n/30. July 8 With paying $4,500 in cash. -? Paid the amount due on the nBR Bank by signing a 120 -day, 114,$51,000 note payable, November 28 Paid the amount due on the note to Locust at the maturity date. December 31 Recorded $21,000 cash from Fargo to NBR Bank at the maturity date. adjusting entry for accrued interest on the note to $21,000 note payable. -? Paid the amount due on the note to Fargo Bank at the maturity date. 4. Determine the interest expense recorded in Year 2. Note: Do not round intermediate calculations and round vo... tin.-1 . dollar. Use 360 days a year. Journal entry worksheet 5678 Purchased $39,500 of merchandise on credit from Locust, terms n/30. Note: Enter debits before credits. Journal entry worksheet

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