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[ The following information applies to the questions displayed below ] Tyrell Company entered into the following transactions involving short - lerm liabilitles. Year 1
The following information applies to the questions displayed below
Tyrell Company entered into the following transactions involving shortlerm liabilitles.
Year
April Purchased $ of merchandise on credit from Locust, teras
May Replaced the April account payable to Locust with a day, $ note payable along with paying $ in cash.
July Borrowed $ cash from NBR Bank by signing a doy, $ 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 Borrowed $ cash from Fargo Bank by signing a day, $ note payable.
Deceaber Recorded an adjusting entry for accrued interest on the note to Fargo Bank,
Year
Paid the amount due on the note to Fargo Bank at the maturity date.
Determine the interest due at maturity for each of the three notes.
Note: Do not round your intermediare calculations. Use days a year.
tablePrincipal,Rate,Time,InterestLocust
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