Tyreh Co. entered isto the following transactions igvolving shortterm fiabilities. Year 1 Apt. 20 Purclased $40,250 of merchandise on credit from Locust, Iorms n/30. May 19 Replined the April 20 account payable to Locust with a 50 day. 108, 535,000 note pagable along wiah poy 50 ang 55.250 in cesth. Jaty 8. Horiownd $80.500 cash from NBR Bank by signing a 120 day. 98 , $80.000 eote paryable. Paid the ansiont due ou the note to Locus at the maturity dase. 4. Paid tliy amount doe on the note to NER Bank at the niatuaty date. Wr. 28 Borrowed \$42,000 eah from Fargo Bank by sanieg a 60-day, 8\%, \$42,000 note pavable. Bec. 31 Recorded an adjusting entry for accroed iatered on the note fo Farpo Bank: renir? 2 2. Paid the amount due on the swee to Fargo Bask at the maturity dace. Required 1. Determine the maturity date for each of the thrse notes described, 2. Deiermine the indereut due at maturity for qach of the thire botei Asume a Woday year. 3. Determite the intered expense tecorded in the afusting eitry in the end of Year 1 4. Denermitte the interest expeme rworded in Vear? 5. Prepese parbal entries for all bie proceting tramacbens and cwars. Tyreh Co. entered isto the following transactions igvolving shortterm fiabilities. Year 1 Apt. 20 Purclased $40,250 of merchandise on credit from Locust, Iorms n/30. May 19 Replined the April 20 account payable to Locust with a 50 day. 108, 535,000 note pagable along wiah poy 50 ang 55.250 in cesth. Jaty 8. Horiownd $80.500 cash from NBR Bank by signing a 120 day. 98 , $80.000 eote paryable. Paid the ansiont due ou the note to Locus at the maturity dase. 4. Paid tliy amount doe on the note to NER Bank at the niatuaty date. Wr. 28 Borrowed \$42,000 eah from Fargo Bank by sanieg a 60-day, 8\%, \$42,000 note pavable. Bec. 31 Recorded an adjusting entry for accroed iatered on the note fo Farpo Bank: renir? 2 2. Paid the amount due on the swee to Fargo Bask at the maturity dace. Required 1. Determine the maturity date for each of the thrse notes described, 2. Deiermine the indereut due at maturity for qach of the thire botei Asume a Woday year. 3. Determite the intered expense tecorded in the afusting eitry in the end of Year 1 4. Denermitte the interest expeme rworded in Vear? 5. Prepese parbal entries for all bie proceting tramacbens and cwars