Required information [The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 Apri2 20 Purchased $37,600 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 28 account payable to Locust with a 90 -day, 98 , $35, eab note payable along with paying $2,000 in cash. Juty 8 Borrowed $54,800 cash from NaR Bank by signing a 120 -day, 10s, $54, eee 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. Novenber 28 Barrowed $24,e00 cash fron Fargo Bank by signing a 60 -day, 76,$24,000 note payable. Decenber 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 -7. Paid the anount due on the note to Fargo Bank at the maturity date. 5. Prepare journal entries for all the preceding transactions and events. Noter Do not round your intermediate calculations. 1 Purchased $37,000 of merchandise on credit from Locust, terms n/30. 2 Replaced the April 20 account payable to Locust with a 90 -day, 9%,$35,000 note payable along with paying $2,000 in cash. 3 Borrowed $54,000 cash from NBR Bank by signing a 120 day, 10%,$54,000 note payable. 4 Paid the amount due on the note to Locust at the maturity date. 5 Paid the amount due on the note to NBR Bank at the maturity date. 5 Paid the amount due on the note to NBR Bank at the maturity date. 6 Borrowed $24,000 cash from Fargo Bank by signing a 60 day, 7%,$24,000 note payable. 7 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 8 Paid the amount due on the note to Fargo Bank at the maturity date