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Required information The following information applies to the questions displayed below.] Tyrell Co. entered into the following transactions involving short-term liabilities Year 1 Apr. 20

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Required information 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 $36,5ee of merchandise on credit from Locust, terms n/38. May 19 Replaced the April 2e account payable to Locust with a 90-day, 8%, $35,8ee note payable along with paying $1,5ee in cash. July 8 Borrowed $57,eee cash from NBR Bank by signing a 12e-day, 11%, $57,000 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. Nov. 28 Borrowed $27,eee cash from Fargo Bank by signing a 60-day, 9%, $27,000 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. 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: Principal Rate Fargo Bank X Time % X Interest Interest to be recorded in Year 2 X

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