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Required information [The following information applies to the questions displayed below] Tyreil Company entered into the following transactions involving short-term liablities. Year 1 Apri1 20

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Required information [The following information applies to the questions displayed below] Tyreil Company entered into the following transactions involving short-term liablities. Year 1 Apri1 20 purchaned 537,500 of merchandine on eredit from tocust, terns n/30. Kay 19 Replaced the Apri1 20 account payable to Locust with a 90 -day, 88, $35,000 note payable along with paying $2,500 in cash. July 8 Borrowed $63,000 cash from Nar bank by aigning a 120-day, 100, $63,000 note payable. - ?. Paid the amount due on the note to locust at the maturity date. Paid the amoont due on the note to Nar Bank at the maturity date. November 28 norrowed $27,000 cash from Fargo Bank by isigning a 60-day, 81,$27,000 note payable. Decenber 31 flecorded an adjusting entry for acorued interent on the note to Fargo Bank. Year 2 - Pasd the amount due on the note to Fargo Bank at the maturity date. Required: 1. Determine the maturity date for each of the three notes described. 2. Determine the interest due at maturity for each of the three notes. (Do not round intermediate calculations and round your final answer to nearest whole dollar. Use 360 days a year.) 3. Determine the interest expense recorded in the adjusting entry at the round your final answer to nearest whole dollar. Use 360 days a year.) ? Paid the ainount due on the note to Fargo Bank at the maturity date. 4. Determine the interest expense recorded in Year 2. (Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year.) Inutrnal entrv worksheet Note: Enter decits before credits. Journal entry worksheet Replaced the April 20 account payable to Locust with a 90 -day, 8%,$35,000 note payoble aiong with paying $2,500 in cash. Note: Enter deblts before credits: 5. Prepare journal entries for all the preceding transactions and events. (Do not round your Intermediate calculawori-) Journal entry worksheet Notes finger detics before credits. Journal entry worksheet

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