The January 1, Year 1 trial balance for the Gonzalez Company is found on the trial balance tab. The beginning balances are assumec Wright Co. entered into the following transactions involving short-term liabilities. (Use 360 days a year.) Year : Apr. May July Aug. Nov. Nov. Dec. 20 Purchased 542,250 of merchandise on credit from Hall, terms n/30. 19 Replaced the April 20 account payable to Hall with a 90-day, 85, $39,000 note payable along with paying $3,250 in cash. 8 Borrowed 593,600 cash from NOR Bank by signing a 120-day, 12%, 593,000 note payable. 17 Paid the amount due on the note to Hell at the maturity date. 5 Paid the amount due on the note to NOR Bank at the maturity date. 26 Borrowed $54,600 cash from Sacramento Bank by signing a 60-day, 126, 554,000 note payable. 31 Recorded an adjusting entry for accrued interest on the note to Sacramento Bank. Hall, te NOR Banke to Hell note payab2ble along with foramento Bankk at the matur date Year 2 Jan. 27 Paid the amount due on the note to Sacramento Bank at the maturity date. Requirement General Journal General Ledger Trial Balance Enter the principal amount, interest rate, and number of days of interest to be recorded for each note. Verify that interest expense agrees with your journal entries and the trial balance Schedule of Payables Calculation of Interest Year 2 payment Wright Co. Calculation of Interest expense August 17 Hall not Prindi Number of daysrest to be recorded in Yea Interest Pindal rutex days35 November 5 - NUR Bank note Principe Number of days to be record eres principale x days/360 of days to bere