Required information The following information applies to the questions displayed below.) Tyrell Co. entered into the following transactions involving short-term liabilities in 2012 and 2013 2012 Apr. 20 Purchased $37.500 of merchandise on credit from Locust, terms are 1/10, n/30. Tyrell uses the perpetual inventory system. May 19 Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 8% annual interest along with paying $2,500 in cash. July 8 Borrowed $54,000 cash from National Bank by signing a 120-day, 11% interest- bearing note with a face value of $54.000. Aug. 17 Paid the amount due on the note to Locust at the maturity date. Nov 5 Paid the amount due on the note to National Bank at the maturity date. Nov. 28 Borrowed $24.000 cash from Fargo Bank by signing a 60-day, 9% interest bearing note with a face value of $24.000. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank 2013 Jan 27 Paid the amount due on the note to Fargo Bank at the maturity date. Journal entry worksheet 2 3 4 5 6 7 > Record the purchased merchandise on credit from Locust. Note: Enter debits before credits. Date General Journal Debit Credit Apr. 20 Record entry Clear entry View general journal