Required information Problem 9.1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 10%,$35, 000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 98 , $80,000 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. November 28 Borrowed $42,000 cash from Fargo Bank by signing a 68 -day, 8$, $42,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Yoar 2 - ? Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Static) Part 2 2. Determine the interest due at maturity for each of the three notes, Note: Do not round your intermediate calculations. Use 360 days a year. Required information Problem 9-1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 10%,$35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 9s, $80,008 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. Novenber 28 Borrowed $42,800 cash from Fargo Bank by signing a 60 -day, 8\%, $42,000 note payable. December 32 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 - ? Paid the anount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Static) Part 4 4. Determine the interest expense recorded in Year 2. Note: Do not round your intermediate calculations. Use 360 days a yeac. Problem 9-1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 10%, $35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 9\%, $80,000 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. November 28 Borrowed $42,000 cash from Fargo Bank by signing a 60 -day, 8%,$42,000 note payable. December 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 (Static) Part 1 Required: 1. Determine the maturity date for each of the three notes described. Required information Problem 9.1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms May 19n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 10%,$35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 9%, $80,000 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. November 28 Borrowed $42,000 cash from Fargo Bank by 5 igning a 60 -day, 8\%, $42,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 Problem 9-1A (Static) Part 3 3. Determine the interest expense recorded in the adjusting entry at the end of Year 1. Note: Do not round your intermediate calculations. Use 360 days a year. Problem 9-1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 10%,$35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 94 , $80,000 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. Novenber 28 Borrowed $42,000 cash from Fargo Bank by signing a 60 -day, 85 , $42,008 note payable. December 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 (Static) Part 5 5. Prepare joumal entries for all the preceding transactions and events. Problem 9-1A (Static) 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 . April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 10%,$35,000 note payable along with paying $5,250 in cash. Juty 8 Borrowed $80,008 cash from NBR Bank by signing a 128-day, 9%, $80,000 note payable. 7 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. November 28 Borrowed $42,000 cash from Fargo Bank by 5igning a 60day, 8%, $42,000 note payable. Decenber 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 (Static) Part 5 5. Prepare journal entries for all the preceding transactions and events. Problem 9-1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms May 19n/30. May 19. Replaced the April 20 account payable to Locust with a 9e-day, 108,$35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 94 , $80,000 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. November 28 Borrowed $42,000 cash from Fargo Bank by signing a 60 -day, 8 , $42,000 note payable. December 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 (Static) Part 5 5. Prepare joumal entries for all the preceding transactions and events. Journal entry worksheet 1 4 5 6 7 8 Note: Enter debits before credits. Problem 9-1A (Static) 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. Wear 1 April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 10%, $35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 94 , $80,0e0 note payable. ? - Paid the amount due on the note to Locust at the maturity date. - P - Paid the abount due on the note to NBR Bank at the maturity date. Novenber 28 Borrowed $42, $42,000 cash from Fargo Bank by signing a 60-day, 8\%, Decenber 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Vear 2 -1. Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9.1A (Static) Part 5 5. Prepare joumal entries for all the preceding transactions and events. Journal entry worksheet 61234567 Note: Enter debits before credits. Problem 9-1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms May 19 R/3e. May 19 Replaced the April 20 account payable to Locust with a 90-day, 104,$35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 9%, $80,000 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. November 28 Borrowed $42,000 cash from Fargo Bank by signing a 60 -day, 8%, $42,000 note payable. December 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 (Static) Part 5 5. Prepare joumal entries for all the preceding transactions and events. Journal entry worksheet 1234 5 6 8 > Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Note: Enter debits before credits. Problem 9-1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms May 19 Replaced the April 20 account payable to Locust with a 98 -day, 10%, $35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by 5 igning a 126-day, 9\%, $80,000 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. Borrowed $42,000 cash from Fargo Bank by signing a 60 -day, 8\%, $42,000 note payable. Recorded an adjusting entry for accrued interest on the note to Fargo Bank. November 28 December 31 Year 2 - Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Static) Part 5 5. Prepare joumal entries for all the preceding transactions and events: Journal entry worksheet 12345 78 Borrowed $42,000 cash from Fargo Bank by signing a 60 -day, 8%,$42,000 note payable. Note: Enter debits before credits. Problem 9-1A (Static) Short-term notes payable transactions and entries LO P1 (The following information applies to the questions displayed bolow] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $48,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 10%, $35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash fron NBR Bank by signing a 120-day, 9%, $80,000 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. November 28 Borrowed $42,008 cash from Fargo Bank by signing a 60 -day, 8%, $42,000 note payable. December 32 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 (Static) Part 5 5. Prepare joumal entries for all the preceding transactions and events. Journal entry worksheet \( \begin{tabular}{|l|l|l|lllll} \)\hline & 4 & 5 & 6 & 7 & 8 \end{tabular}] Note: Enter debits before credits. Problem 9-1A (Static) Short-term notes payable transactions and entries LO P1 [The following information applies to the questions clisplayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 10t,$35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 98 , $80,000 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. Novenber 28 Borrowed $42,000 cash from Fargo Bank by signing a 60 -day, 8%, $42,000 note payable. December 32 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Vear 2 - ? Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9.1A (Static) Part 5 5. Prepare joumal entries for all the preceding transactions and events. Journal entry worksheet Required information Problem 9.1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 10%,$35, 000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 98 , $80,000 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. November 28 Borrowed $42,000 cash from Fargo Bank by signing a 68 -day, 8$, $42,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Yoar 2 - ? Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Static) Part 2 2. Determine the interest due at maturity for each of the three notes, Note: Do not round your intermediate calculations. Use 360 days a year. Required information Problem 9-1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 10%,$35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 9s, $80,008 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. Novenber 28 Borrowed $42,800 cash from Fargo Bank by signing a 60 -day, 8\%, $42,000 note payable. December 32 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 - ? Paid the anount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Static) Part 4 4. Determine the interest expense recorded in Year 2. Note: Do not round your intermediate calculations. Use 360 days a yeac. Problem 9-1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 10%, $35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 9\%, $80,000 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. November 28 Borrowed $42,000 cash from Fargo Bank by signing a 60 -day, 8%,$42,000 note payable. December 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 (Static) Part 1 Required: 1. Determine the maturity date for each of the three notes described. Required information Problem 9.1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms May 19n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 10%,$35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 9%, $80,000 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. November 28 Borrowed $42,000 cash from Fargo Bank by 5 igning a 60 -day, 8\%, $42,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 Problem 9-1A (Static) Part 3 3. Determine the interest expense recorded in the adjusting entry at the end of Year 1. Note: Do not round your intermediate calculations. Use 360 days a year. Problem 9-1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 10%,$35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 94 , $80,000 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. Novenber 28 Borrowed $42,000 cash from Fargo Bank by signing a 60 -day, 85 , $42,008 note payable. December 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 (Static) Part 5 5. Prepare joumal entries for all the preceding transactions and events. Problem 9-1A (Static) 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 . April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 10%,$35,000 note payable along with paying $5,250 in cash. Juty 8 Borrowed $80,008 cash from NBR Bank by signing a 128-day, 9%, $80,000 note payable. 7 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. November 28 Borrowed $42,000 cash from Fargo Bank by 5igning a 60day, 8%, $42,000 note payable. Decenber 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 (Static) Part 5 5. Prepare journal entries for all the preceding transactions and events. Problem 9-1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms May 19n/30. May 19. Replaced the April 20 account payable to Locust with a 9e-day, 108,$35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 94 , $80,000 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. November 28 Borrowed $42,000 cash from Fargo Bank by signing a 60 -day, 8 , $42,000 note payable. December 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 (Static) Part 5 5. Prepare joumal entries for all the preceding transactions and events. Journal entry worksheet 1 4 5 6 7 8 Note: Enter debits before credits. Problem 9-1A (Static) 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. Wear 1 April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 10%, $35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 94 , $80,0e0 note payable. ? - Paid the amount due on the note to Locust at the maturity date. - P - Paid the abount due on the note to NBR Bank at the maturity date. Novenber 28 Borrowed $42, $42,000 cash from Fargo Bank by signing a 60-day, 8\%, Decenber 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Vear 2 -1. Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9.1A (Static) Part 5 5. Prepare joumal entries for all the preceding transactions and events. Journal entry worksheet 61234567 Note: Enter debits before credits. Problem 9-1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms May 19 R/3e. May 19 Replaced the April 20 account payable to Locust with a 90-day, 104,$35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 9%, $80,000 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. November 28 Borrowed $42,000 cash from Fargo Bank by signing a 60 -day, 8%, $42,000 note payable. December 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 (Static) Part 5 5. Prepare joumal entries for all the preceding transactions and events. Journal entry worksheet 1234 5 6 8 > Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Note: Enter debits before credits. Problem 9-1A (Static) 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 April 20 Purchased $40,250 of merchandise on credit from Locust, terms May 19 Replaced the April 20 account payable to Locust with a 98 -day, 10%, $35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by 5 igning a 126-day, 9\%, $80,000 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. Borrowed $42,000 cash from Fargo Bank by signing a 60 -day, 8\%, $42,000 note payable. Recorded an adjusting entry for accrued interest on the note to Fargo Bank. November 28 December 31 Year 2 - Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Static) Part 5 5. Prepare joumal entries for all the preceding transactions and events: Journal entry worksheet 12345 78 Borrowed $42,000 cash from Fargo Bank by signing a 60 -day, 8%,$42,000 note payable. Note: Enter debits before credits. Problem 9-1A (Static) Short-term notes payable transactions and entries LO P1 (The following information applies to the questions displayed bolow] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $48,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 10%, $35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash fron NBR Bank by signing a 120-day, 9%, $80,000 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. November 28 Borrowed $42,008 cash from Fargo Bank by signing a 60 -day, 8%, $42,000 note payable. December 32 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 (Static) Part 5 5. Prepare joumal entries for all the preceding transactions and events. Journal entry worksheet \( \begin{tabular}{|l|l|l|lllll} \)\hline & 4 & 5 & 6 & 7 & 8 \end{tabular}] Note: Enter debits before credits. Problem 9-1A (Static) Short-term notes payable transactions and entries LO P1 [The following information applies to the questions clisplayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 10t,$35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 98 , $80,000 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. Novenber 28 Borrowed $42,000 cash from Fargo Bank by signing a 60 -day, 8%, $42,000 note payable. December 32 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Vear 2 - ? Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9.1A (Static) Part 5 5. Prepare joumal entries for all the preceding transactions and events. Journal entry worksheet