Required information [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 $37,000 of merchandise on eredit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 76,$35,000 note payable along with paying $2,000 in eash. July 8 Borrowed $69,000 eash from war Bank by signing a 120-day, 121, $69,000 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 naturity date. November 28 Borroved $27,000 cash from Fargo Bank by signing a 60day,73,$27,000 note payable. Decenber 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 2 - Paid the amount due on the note to pargo Bank at the naturity date. 5. Prepare journal entries for all the preceding transactions and events. Note: Do not round your intermediate calculations. Note: Do not round your intermediate calculations. 4 Paid the amount due on the note to Locust at the maturity date. 5 Paid the amount due on the note to NBR Bank at the maturity date. 6 Borrowed $27,000 cash from Fargo Bank by signing a 60day, 7%, $27,000 note payable. 7 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 8 Paid the amount due on the note to Fargo Bank at the maturity date. Note : = journal entry has been entered Note: Do not round your intermediate calculations. 1 Purchased $37,000 of merchandise on credit from Locust, terms n/30. 2 Replaced the April 20 account payable to Locust with a 90 -day, $%, $35,000 note payable along with paying $2,000 in cash. 3 Borrowed $69,000 cash from NBR Bank by signing a 120 day, 12%,$69,000 note payable. 4 Paid the amount due on the note to Locust at the maturity date. 5 Paid the amount due on the note to NBR Bank at the maturity date. Note : = journal entry has been entered