The January 1, Year 1 trial balance for the Nguyen Company is found on the trial balance tab. The beginning balances are assumed. Hall Company entered into the following transactions involving short-term liabilities. (Use 360 days a year.) Year 1 April 20 Purchased $54,750 of merchandise on credit from Lee, terms n/30. May 19 Replaced the April 20 account payable to Lee with a 90-day, 10%, $36,000 note payable along with paying $18,750 in cash. July 8 Borrowed $96,000 cash from CDR Bank by signing a 120-day, 6%, $96,000 note payable. August 17 Paid the amount due on the note to Lee at the maturity date. November 5 Paid the amount due on the note to CDR Bank at the maturity date. November 28 Borrowed $51,000 cash from Austin Bank by signing a 60-day, 12%, $51,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Austin Bank. Year 2 January 27 Paid the amount due on the note to Austin Bank at the maturity date.

complete as general journal