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[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 $38,see

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[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 $38,see of merchandise on credit from Locust, terms w/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 8%, $35,000 note payable along with paying $3,500 in cash July 8 Borrowed $57,000 cash from NBR Bank by signing a 120 day, 11%, $57,000 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 $27,000 cash from Fargo Bank by signing a 60-day, 7%, $27,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank Year 2 Pald the amount due on the note to Forgo Bank at the naturity date. 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) View transaction list Journal entry worksheet 5. Prepare journal entries for all the preceding transactions and events (Do not round your intermediate calculations.) View transaction list Journal entry worksheet Borrowed $57,000 cash from NBR Bank by signing a 120-day, 11%, 557,000 note payable. Note: Enter debits before credits Date General Journal Debit Credit Jul 08 Record entry Clear entry View general journal 5. Prepare journal entries for all the preceding transactions and events (Do not round your intermediate calculations.) View transaction list Journal entry worksheet Recorded an adjusting entry for accrued interest on the note to Fargo Bank, Note: Enter debits before credits Date Genomal Journal Debit Credit Dec 31 Record entry Clear entry View general Journal 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) View transaction list Journal entry worksheet Pald the amount due on the note to Fargo Bank at the maturity date. Note: Enter debits before credits Dato General Journal Debit Credit Jan 27 Record entry Clear entry View general journal

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