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 $36,500 of merchandise on credit from Locust, teras n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 9, $35,000 note payable along with paying $1,500 in cash. July 8 Borrowed $54,000 cash from NSR Bank by signing a 120-day, 11%, $54,000 note payable Pald 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 $24,000 cash from Fargo Bank by signing a 60-day, 7%, 524,000 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 of 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 2 3 4 5 7 8 Purchased $36,500 of merchandise on credit from Locust, terms n/20. Note Enter debits before credits Date Apr 20 General Journal Debit Credit Record entry Clear enty View general Journal Journal entry worksheet 2 3 5 6 7 8 Replaced the April 20 account payable to Locust with a 90-day, 9%, $35,000 note payable along with paying $1,500 in cash. Note: Enter debits before credits. Date General Journal Debit Credit May 19 Record entry Clear entry View general journal Journal entry worksheet Borrowed $54,000 cash from NBR Bank by signing a 120-day, 11%, $54,000 note payable. Note: Enter debits before credits. Date General Journal Debit Credit Jul 08 Record entry Clear entry View general journal Journal entry worksheet Paid the amount due on the note to Locust at the maturity date. Note: Enter debits before credits. Date General Journal 7 Debit Credit Aug 17 Record entry Clear entry View general journal Journal entry worksheet