The January 1, Year- 1 trial baiance for the Walker Company is found on the trial balance tab. The beginning balances are assumed Mitchell Company entered into the following transactions involving short-term liabilities. (Use 360 days a year) Year 1 Aprit 20 Purchased $43,250 of merchandise on credit fron Atlen, terns n/30. Hay 19 Replaced the April 20 account payable to Atlen with a 90-day, 69, 337,006 note payable ateng with paying Juty 8 Borrowed $90, eee cash fron AKR Bank by signing a 120-day, 90, 599, aed note payable. Rogust 17 . Paid the anount due on the note to Allen at the aaturity date, Noventer 5 Paid the anount due on the note to Akr Bank at the maturity date. Novenber 25. Borroved 569 , bed cash from Fargo Bank by signing a 60day,6$,560,000 nate payable. Decenber 31 flecorded an adjusting entry for accrued interest on the note to fargo Bank. Year 2 January 27 Paid the asount due on the note to Fargo Bank at the naturity date. Prepere the Lanuary 27, Year 2 journal entry to record the payment of the Fargo note at maturty. Waliker Compacy does NOT prepare reversing entries. Journal entry worksheet (2) (3) 4 (5) 8. 7 April 20. Purchased \$43,250 of merchandise on credit from Allen, terms n/30. Rases friter debits belore credes. Enter the prinopal amount, interest rate, and number of days of interest to be recorded for each note. Verify that interest expense agrees with your joumal entries and the trial bulance