Return to 11 goints 4 points Required information Problem 9-1A (Algo) Short-term notes payable transactions and entries LO P1 {The following information applies to the questions displayed below.) Tyrell Co. entered into the following transactions involving short-term liabilities. Year 1 Apr. 20 Purchased $37,000 of merchandise on credit from Locust, terms 1/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 89, $35,000 note payable along with paying $2,000 in cash. July 8 Borrowed $66,000 cash from NBR Bank by signing a 120-day, 126, $66,000 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. Nov. 28 Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 74, $33,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 __? Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Algo) Part 5 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) 11 Required information Date General Journal Debit Credit 4 points No 1 1 Apr 20 37,000 Merchandise inventory Accounts payable Locust 37,000 2 May 19 37,000 Accounts payable-Locust Cash Notes payableLocust 2,000 35,000 3 Jul 08 Cash 66,000 Notes payable-NBR Bank 66,000 4 Aug 17 35,000 Notes payable-Locust Interest expense Cash 700 35,700 5 Nov 05 Notes payable-NBR Bank Interest expense Cash 66,000 2,640 68,640 6 Nov 28 33,000 Cash Notes payable-Fargo Bank 33,000 7 Dec 31 Interest expense 385 Internet nunhin 205 Interest expense 2,640 Cash 68,640 6 Nov 28 Cash 33,000 Notes payableFargo Bank 33,000 7 Dec 31 Interest expense 385 Interest payable 385 8 Jan 27 Notes payableFargo Bank 33,000 Interest expense Interest payable Cash