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

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Required information [The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $37,000 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 98 -day, 99,$35,000 note payable along with paying \$2,000 in cash. July 8 Borrowed $60,000 cash from NBR Bank by signing a 120-day, 11s,$60,000 note payable. ? - Paid the amount due on the note to tocust at the maturity date. Paid the amount due on the note to NBR Bank at the maturity date. November 28 Borrowed $24,000 cash fron Fargo Bank by signing a 60-day, 84, $24,090 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Yoar 2 - - Pald the asount due on the note to Fargo Bank at the maturity date. 5. Prepare journal entries for all the preceding transactions and events. Note: Do not round your intermediate calculations

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