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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 Company entered

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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 Company entered into the following transactions involving short-term liabilities. Year 1 Apri1 20 Purchased $37,000 of merchandibe on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 7e, $35,000 note payable along with paying $2,000 in eash. July 8 Borrowed $66,000 cash from NBR Bank by aigning a 120-day, 118, $56,000 note payable. ? Pald the amount due on the note to Locust at the maturlty date. Paid the amount due on the note to NBR Bank at the maturity date. November 28 Borrowed $24,000 eash from Fargo Bank by signing a 60-day, 98, $24,000 note payable. December 31 Recorded an adjusting entry for acerued interent on the note to Pargo Bank. Year 2 - Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Algo) Part 2 2. Determine the interest due at maturity for each of the three notes. Note: Do not round intermediate calculations and round vour final answer to nearest whole dollar. Use 360 davs a vear. Apri1 20 Purchased $37,000 of merchandise on credit from Locust, terns n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 78, $35,000 note payable along with paying $2,000 in cash. July 8 Borroved $66,000 cash from NBR Bank by signing a 120-day, 118, $66,000 note payablo. Paid the amount due on the note to NBR Bank at the maturity date. November 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 98,$24,000 note payable. December 31 Recorded an adjusting entry for acorued 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 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

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