[The following information applies to the questions displayed below.]

Tyrell Company entered into the following transactions involving short-term liabilities.

Year 1

April 20 Purchased $37,500 of merchandise on credit from Locust, terms n/30.

May 19 Replaced the April 20 account payable to Locust with a 90-day, 8%, $35,000 note payable along with paying $2,500 in cash.

July 8 Borrowed $69,000 cash from NBR Bank by signing a 120-day, 11%, $69,000 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.

November 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 7%, $24,000 note payable.

December 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.

Note: Do not round your intermediate calculations.

Required information Problem 9-1A (Algo) Short-term notes payable transactions and entries LO P1 The following information opplies to the questions displayed belowl Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 Apri1 20 Purehased 337,500 of merchandiae an eredit fron tocuat, tera a/30. May 19 Heplaced the Apri1 20 account payable to focuet with a 90 -day, 85,535,000 note payable along with paying 52,500 in canb. July 8 Borroved 569,000 eash fron sal bank by algning a 120-day, 111, 569,000 note poyatie. - P. Paid the anownt doe on the note to Locust at the maturity date. Movenber 2. Baid the anount due on the note to sish bank at the aaturity date. Decenber 31 lecorded an adjusting entry for acerued intereat an the note to 524,000 note payable. Year 2 - Paid the anount doe on the note to rargo Bank at the maturity date