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[The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term llablities. Year 1 Apri1 20 Purchased $39,500

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[The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term llablities. Year 1 Apri1 20 Purchased $39,500 of merchandise on eredit fros Locust, termi n/30. May 19 Replaced the Apri1 20 account payable to Locust with a 90-day, 98,$35,000 note payable along with paying $4,500 in cash. July 8 Borrowed $66,000 cash from NaR Bank by signing a 120 -day, 108,$66,000 note payable. ? - Paid the amount due on the note to Locust at the maturity date. Paid the amount due on the note to Nar Bank at the maturity date. November 28 Borrowed $27,000 cash from Fargo Bank by aigning a 60-day, 78,$27,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 - 2 - Paid the amount due on the note to Pargo Bank at the maturity date. 4. Determine the interest expense recorded in Year 2. Note: Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year

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