Saved The January 1, 2016 trial balance for the Grffin Company is found on the trial balance tab. The beginning balances are assumed Nguyen Co. entered into the following transactions involving short-term liabilities in 2016 and 2017 (Use 3 360 days a yea) 2016 Purchased $47,750 of merchand system ise on credit from Duerr, terms aze n/30. Nguyen uses the perpetual inventory ca20 account payable to Duert vith 90-day, 63,000 note bearing 61 annust interest along with May 19 Replaced the Apri1 account payable to Duerr with a 90-day, $38,000 note bearing 6 annual interest along with paying 9,750 in cash July e Borrowed $90,000 cash from CDR Bank by signing a 120 day, 9% interest-bearing note with a face value of S90, 000. Aug. 17 Paid the amount due on the note to Duerr at the maturity date Nov. 5 Paid the amount due on the note to CDR Bank at the maturity date Nov. 28 Borrowed 48,000 cash from Albany Bank by signing a 60-day, 104 interest-bearing note with a face value of $48,000 Dec. 31 Recorded an adjusting entry for accrued interest on the note to Albany Bank. 2017 Jan. 27 Paid the amount due on the note to Albany Bank at the matuzity date. Requirement oural General Ledger Trial Balance Scheduleof Calculation of 2017 Journal Interest payment Prepare the journal entries related to notes and accounts payable. Hint: Use the "Calculation of Interest" tab to ensure the accuracy of your entries. View transaction list Journal entry worksheet Apr. 20. Purchased $47,750 of merchandise on credit from Duerr, terms n/30. Nguyen uses the perpetual inventory system