The January 1, 2017 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 2017 and 2018. (Use 360 days a year.)

2017
Apr.		20		Purchased $46,250 of merchandise on credit from Locust, terms are n/30. Tyrell uses the perpetual inventory system.
May		19		Replaced the April 20 account payable to Locust with a 90-day, $39,000 note bearing 8% annual interest along with paying $7,250 in cash.
July		8		Borrowed $117,000 cash from NBR Bank by signing a 120-day, 9% interest-bearing note with a face value of $117,000.
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 NBR Bank at the maturity date.
Nov.		28		Borrowed $78,000 cash from Fargo Bank by signing a 60-day, 10% interest-bearing note with a face value of $78,000.
Dec.		31		Recorded an adjusting entry for accrued interest on the note to Fargo Bank.
2018
Jan.		27		Paid the amount due on the note to Fargo Bank at the maturity date.

General Journal tab - Prepare the 2017 journal entries related to the notes and accounts payable of Tyrell Co. 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. 2018 payment tab - Prepare the January 27, 2018 entry to record the repayment of the note at maturity.