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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 in 2016 and 2017

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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 in 2016 and 2017 2016 Apr. 20 Purchased 337,000 of merchandise on credit from Locust, terns 1/30. Tyrell uses the perpetual Inventory system, May 19 Replaced the April 20 account payable to locust with a day. $35,000 note bearing annual interest along with paying $2,000 in cash July Borrowed 354,000 cash from NR Bank by signing a 120 day, 10% Interest-bearing note with a face value of 554,000 Pald the mount due on the note to Locust at the maturity date. Pald the mount due on the note to R Bank at the maturity date. Nov. 26 Borrowed 534,000 cash from Fargo Bank by signing a 60-day, interest-bearing note with a face value of $24,000 Dec. Recorded an adjusting entry for accrued interest on the note to Forgo Bank 2017 Pald the amount due on the note to Fargo Bank at the maturity date: Pald the amount of 5 2. Determine the interest due at maturity for each of the three notes (Do not round your intermediate calculations. Use 360 days a year) Time Interest Principal Rate X Locust NBR Bank Fargo Bank

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