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 $35,000 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 8t, $35,000 note payable along with paying so in cash. July B Borrowed $69.000 cash from NBR Bank by signing a 120-day, 109, $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 maturity date. Nov. 28 Borroved $36,000 cash from Fargo Bank by signing a 60-day, 71, $36,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 Paid the amount we on the note to Pargo Bank at the maturity date. Required: 1. Determine the maturity date for each of the three notes described. Locust Maturity date Aug. 17. Year 1 NBR Bank Nov. 5. Year 1 Fargo Bank Jan, 27, Year 2 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 $35,000 of merchandise on credit from Locust, terma n/30. May 19 Replaced the April 20 account payable to Locunt with a 90-day, 8t, $35,000 note payable along with paying $0 in cash. July 8 Borrowed $69.000 cash from NSR Bank by signing a 120-day, 101, $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 maturity date. Nov. 28 Borrowed $36,000 cash from Fargo Bank by signing a 60-day, 71, $36,000 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 Pargo 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 x Rate Time Interest Locust NBR Bank Fargo Bank % % X 2 X % X Required information [The following information applies to the questions displayed below.) Tyrell Co, entered into the following transactions involving short-term liabilities 5 ed Year 1 Apr. 20 Purchased $35,000 of merchandise on credit from Locust, terma n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, B, $35,000 note payable along with paying so in cash. July 8 Borrowed $69,000 cash from NBR Bank by signing a 120-day, 109, $69,000 note payable. ____ Paid the amount due on the note to Locunt at the maturity date. 2 Paid the amount due on the note to NBR Bank at the maturity date. Nov. 28 Borrowed $36,000 cash from Fargo Bank by signing a 60-day, 7, $36,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interent on the note to Fargo Bank. BOM Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. int S. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) rences View transaction fist Journal entry worksheet Purchased $35,000 of merchandise on credit from Locust, terms 1/30. Note: Enter debts before credits General Journal Debit Credit Dato Apr 20 Required information {The following information applies to the questions displayed below.) Tyrell Co. entered into the following transactions involving short-term liabilities 15 ped Year 1 Apr. 20 Purchased $35,000 of merchandise on credit from Locust, terma n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, B*, $35,000 note payable along with paying $o in cash. July Horroved $69,000 cash from NBR Bank by signing a 120-day, 100, $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 maturity date. Nov. 28 Borrowed $36,000 cash from Fargo Bank by signing a 60-day, 71, $36.000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Yargo Bank. Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. ook 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) forences View transaction list Journal entry worksheet Replaced the April 20 account payable to Locust with a 90-day, 8%, $35,000 note payable along with paying so in cash. Net Enter debits before credit Date May 19 General Journal Debat Credit of 5 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 $35,000 of merchandise on credit from Locust, terna n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 81, $35,000 note payable along with paying $0 in cash. July Borrowed $69.000 cash from san Bank by signing a 120-day, 109, $69,000 note payable. Paid the amount due on the note to Locust at the maturity date. 2 Pald the amount due on the note to NDR Bank at the maturity date. Nov. 28 horroved $36,000 cash from Fargo Bank by signing a 60-day, 21, $36,000 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. apped Book Print 5. Prepare journal entries for all the preceding transactions and events. (Do not round your Intermediate calculations.) Heferences View transaction list Journal entry worksheet Borrowed $69,000 cash from NBR Bank by signing a 120-day, 10%, $69.000 note payable Note Enter debts before credite Date Jul 08 General Journal Debit Credit 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 $35,000 of merchandise on credit from Locust, terma n/30. May 19 replaced the April 20 account payable to Locust with a 90-day, 81, $35,000 note payable along with paying so in cash. July B Borrowed $69,000 cash from NBR Bank by signing a 120-day, 109, $69,000 note payable. 2 Paid the amount due on the note to Locust at the maturity date. 7 Paid the amount due on the note to NAR Bank at the maturity date. Nov. 28 Borrowed $36,000 cash from Fargo Bank by signing a 60-day, 75, $36,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Targo Bank. Year 2 __?_ Paid the amount due on the note to Fargo Bank at the naturity date. ant 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) wances View transaction ist Journal entry worksheet Borrowed $36,000 cash from Fargo Bank by signing a 60-day, 7%, $36,000 note payable. Note: Enter debits before credits General Journal Debit Credit Date Nov 28 15 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 $35,000 of merchandise on credit from Locust, terms /30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 1, $35,000 note payable along with paying $0 in cash. July 8 Borrowed $69,000 cash from NBR Bank by signing a 120-day, 109, $69,000 note payable. Paid the amount due on the note to Locunt at the maturity date. Paid the amount due on the note to NER Bank at the maturity date. Nov. 26 Borrowed $36,000 cash from Fargo Bank by signing a 60-day, 71, $36,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Pargo Bank. Ded Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) Perences View transaction list Journal entry worksheet 2 5 6 7 8 Recorded an adjusting entry for accrued interest on the note to Fargo Bank Nam Enter debts before credits Data General Journal Debit Credit Dec 31 of 5 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 $35,000 of merchandise on credit from Locust, termen/30. May 19 Replaced the April 20 account payable to locust with a 90-day, 81, $35,000 note payable along with paying $0 in cash. July 8 Borrowed $69,000 cash from an Bank by signing a 120-day, 109, $69,000 note payable. 2 Paid the amount due on the note to Locust at the maturity date. 2 Paid the anount due on the note to NBR Bank at the maturity date. Nov. 28 Borrowed $36,000 cash from Fargo Bank by signing a 60-day, 71, $36,000 note payable. Dec. 31 Recorded an adjusting entry for acerued interest on the note to Fargo Bank. oped Book Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. Print 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) erences View transaction ist Journal entry worksheet K Paid the amount due on the note to Fargo Bank at the maturity date. Not Entert before credits Date General Journal Debit Credit Jan 27