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 $35,500 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 71, $35,000 note payable along with paying $500 in cash. July 8 Borrowed $60,000 cash from NBR Bank by signing a 120-day, 125, $60,000 note payable. ? Paid the amount due on the note to Locust at the maturity date. 2 Paid the amount due on the note to NBR Bank at the maturity date. Nov. 28 Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 71, $33,000 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 Pargo Bank at the maturity date. Required: 1. Determine the maturity date for each of the three notes described. Locust NBR Bank Fargo Bank Maturity date 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 $35,500 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 71, $35,000 note payable along with paying $500 in cash. July 8 Borrowed $60,000 cash from NBR Bank by signing a 120-day, 121, $60,000 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 $33,000 cash from Fargo Bank by signing a 60-day, 71, $33,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Pargo Bank. Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. 2. Determine the interest due at maturity for each of the three notes. (Do not round your intermediate calculations. Use 360 days a year.) Principal Interest Time Locust NBR Bank Fargo Bank x Rate % % X % 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 $35,500 of merchandise on credit from Locust, terns n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 71, $35,000 note payable along with paying $500 in cash. July 8 Borrowed $60,000 cash from NBR Bank by signing a 120-day, 121, $60,000 note payable. 2 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 $33,000 cash from Fargo Bank by signing a 60-day, 71, $33,000 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 Pargo Bank at the maturity date. 3. Determine the interest expense recorded in the adjusting entry at the end of Year 1. (Do not round your intermediate calculations- Use 360 days a year.) Year End Accrual Required for: Interest Fargo Bank Principal X Rate x Time % Interest to be accrued in Year 1 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 $35,500 of merchandise on credit from Locust, terns n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 71, $35,000 note payable along with paying $500 in cash. July 8 Borrowed $60,000 cash from NBR Bank by signing a 120-day, 128, $60,000 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 $33,000 cash from Pargo Bank by signing a 60-day, 28. $33,000 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: Interest Principal Fargo Bank Rate Time 1% Interest to be recorded in Year 2 Required information The following information applies to the questions displayed below) Tyroll Co, entered into the following transactions involving short-term oblities Year 1 Apr. 20 prosed 535,500 of merchandise on credit from Locust, ter /30. May 19 replaced the April 20 account payable to Lout with a 90-day, 71, $35,000 note payable song with paying $500 in cash. Joly Morroved $60,000 cash from Bank by signing 120-day, 121.060.000 note payable. Paid the amount due on the note to Locust at the maturity date. Paid the amount due on the note to MR Bank at the maturity date. Nov.28 Horroved $3,000 cash from Fargo Tank by signing today. 7. $33.980 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note te Fargo Bank Year 2 Paid the amount due on the wote to largo Bank at the maturity date. 5. Prepare journal entries for all the preceding transactions and events (Do not round your intermediate calculations) View transaction et Journal entry worksheet 3 2 7 8 5 6 4 Purchased $35,500 of merchandise on credit from Locust, terms 30 hotenter det before credits Debit Credit General Journal Apr 20 View general Jurnal Clear entry Record entry 8 Prey Next > of 9 ! 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 535,500 of merchandise on credit from Locust, terns 1/50 May 19 Replaced the April 20 account payable to count with a 90-day, 71, 335,000 note payable along with paying 5500 in cash. July Horrowed $60,000 cash from NBR Bank by signing a 120-day, 121, $60,000 note payable. Paid the amount due on the note to Locust at the maturity date. Paid the amount due on the note to MR Bank at the maturity date. Nov. 28 Borrowed $93.000 cash tron Fargo Bank by signing a 60-day, 71, 333,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Yargo Bank Year 2 __2_ Paid the anount due on the note to vargo Bank at the maturity date. 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations) View transactions Journal entry worksheet Replaced the April 20 account payable to Locust with a 90-day, 7%, $35,000 note payable along with paying $500 in cash Note: Enter debitis before credits General Journal Debit Credit Date May 19 Record entry Clear entry View general Journal 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 535,500 of nerchandise on credit from Leeuat, terna n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 73, $35,000 note payable along with paying 5500 in cash July Borrowed 560,000 cash from R Bank by signing a 120-day, 121, 660,000 note payable. Paid the sount due on the note to Locust at the maturity date. Daid the amount due on the note to NBR Bank at the maturity date. Nov. 28 Borrowed 533,000 cash from Fargo Bank by signing a 60-day, 71, $33,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Pargo Bank Year 2 Paid the mount due on the note to Fargo Bank at the maturity date. S. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) View transaction list Journal entry worksheet Paid the amount due on the note to Locust at the maturity date. Not: Entert before credits General Journal Debit Credit Date Aug 17 View general journal Record entry Clear entry Required information The following information applies to the questions displayed below) Tyrell Co, entered into the following transactions involving short-term liabilities. Year 1 Apt. 20 Purchased $35.500 of merchandise on credit from Loount, terns /30. May 19 Replaced the April 20 account payable to Locent with a 90-day, 71, $35,000 note payable along with paying $500 in cash July Borrowed $60,000 cash from NB Bank by signing a 120-day, 121, 560,000 note payable. Paid the amount due on the note to NBR Bank at the maturity date. Nov. 28 borrowed $33,000 cash from Fargo Bank by signing a 60-day. 71, $33,000 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. S. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) Viow transaction list Journal entry worksheet 5 6 7 8 > Pald the amount due on the note to NBR Bank at the maturity date, Note: Enter debit before credits General Journal Debit Credit Date Nov 05 Record entry Clear entry View general Journal Required information The following information applies to the questions displayed below) Tyrell Co. entered into the following transactions involving short-term diabilities Year 1 . 20 of . /30. May is Replaced the Apr 11 20 Account payable to Locust with a 90-day, 1, $35,000 note payable along with paying $500 in cash July Borrowed $60,000 cash from Nha Bank by signing a 120-day, 121, $60,000 note payable. Paid the amount due on the note to Locust at the maturity date. Paid the amount due on the note to B Bank at the naturity date. Nov. 2 Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 71, $33,000 note payable. Dec. 31 Recorded an adjusting entry for acerved interest on the note to Fargo Bank Year 2 Paid the amount due on the note to Targo Bank at the maturity date. 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) View transaction list Journal entry worksheet 4 5 7 > B Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 7%, $33,000 note payable Not: Enter debts before credits Debit Credit Dute General Journal Nov 28 View general Journal Racord entry Clear entry 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 Prohased 535,500 orehandise on credit from Locat, tem /30. May 19 Replaced the April 20 account payable to Loat with a 90-day, 11, 135,000 note payable along with pyy 1500 in cash # Borrowed $60,000 cash from Bank by signing a 120-day, 121.560,000 hote payable Paid the amount due on the note to Locust at the maturity date. Taid the amount due on the note to NB Bank at the maturity date. Nov. 28 Borrowed 533,000 cash from Fargo Bank by signing a 60 day. 71, $33,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Targo Bank July Year 2 Taid the amount due on the note to Fargo Bank at the maturity date. 5. Prepere journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) View transaction lit Journal entry worksheet > 6 5