! 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. 20 Purchased $35,8ee 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 $e in cash. July 8 Borrowed $63,888 cash from NBR Bank by signing a 120-day, 11%, $63,eee 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 $24,888 cash from Fargo Bank by signing a 60-day, 6%, $24.eee note payable. Dec. 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 (Do not round Intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year.) Year End Accrual Required for: Fargo Bank Principal X Rate Time Interest Interest to be recorded in Year 2 X %6