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

Tyrell Co. entered into the following transactions involving short-term liabilities in 2014 and 2015.

2014
Apr. 20	Purchased $38,500 of merchandise on credit from Locust, terms are 1/10, n/30. Tyrell uses the perpetual inventory system.
May 19	Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 8% annual interest along with paying $3,500 in cash.
July 8	Borrowed $51,000 cash from National Bank by signing a 120-day, 12% interest-bearing note with a face value of $51,000.
__?__	Paid the amount due on the note to Locust at the maturity date.
__?__	Paid the amount due on the note to National Bank at the maturity date.
Nov. 28	Borrowed $21,000 cash from Fargo Bank by signing a 60-day, 9% interest-bearing note with a face value of $21,000.
Dec. 31	Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

2015

__?__

Paid the amount due on the note to Fargo Bank at the maturity date.

4.

value: 16.70 points

Required information

5.1	Prepare journal entries for all the preceding transactions and events for years 2014. (Do not round your intermediate calculations.)