The January 1, Year 1 trial balance for the Griffin Company is found on the trial balance tab. The beginning balances are assumed. Nguyen Company entered into the following transactions involving short-term liabilities. (Use 360 days a year.) Year 1 April 20 Purchased $47,750 of merchandise on credit from Duerr, terms n/30. May 19 Replaced the April 20 account payable to Duerr with a 90-day, 6%, $38,000 note payable along with paying $9,750 in cash. July 8 Borrowed $90,000 cash from CDR Bank by signing a 120-day, 9, $90,000 note payable. August 17 Paid the amount due on the note to Duerr at the maturity date. November 5 Paid the amount due on the note to CDR Bank at the maturity date. November 28 Borrowed $48,000 cash from Albany Bank by signing a 60-day, 108, $48,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Albany Bank. Year 2 January 27 Paid the amount due on the note to Albany Bank at the maturity date. Requirement General Journal General Ledger Trial Balance Schedule of Calculation of Payables Interest Year 2 payment Prepare the January 27, Year 2 journal entry to record the payment of the Albany note at maturity. Griffin Company does NOT prepare reversing entries. Date 1/27/Year 2 Interest payable Interest expense Notes payable Albany Cash Account title Debit Credit