The January 1, 2012 trial balance for the Tyrell Company is found on the trial balance tab. The beginning balances are assumed.

Tyrell Co. entered into the following transactions involving short-term liabilities in 2012 and 2013.

2012
Apr. 20	Purchased $40,250 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 10% annual interest along with paying $5,250 in cash.
July 8	Borrowed $80,000 cash from National Bank by signing a 120-day, 9% interest-bearing note with a face value of $80,000.
Aug. 17	Paid the amount due on the note to Locust at the maturity date.
Nov. 5	Paid the amount due on the note to National Bank at the maturity date.
Nov. 28	Borrowed $42,000 cash from Fargo Bank by signing a 60-day, 8% interest-bearing note with a face value of $42,000.
Dec. 31	Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

2013

Jan. 27

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

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Requirement

General Journal

General Ledger

Trial Balance

Schedule of Payables

Calculation of Interest

2013 payment

63% of available points - General Journal tab - Prepare the 2012 journal entries related to the notes and accounts payable of Tyrell Co. 22% of available points Calculation of interest tab - Use the interest formula (P x R x T) to verify the amount of interest recorded in your entries. Verify that total interest expense agrees with the trial balance. 15% of available points - 2013 payment tab - Prepare the January 27, 2013 entry to record the repayment of the