Tyrell Co. entered into the following transactions involving short-term liabilities, Year 1 Apr. 20 Purchased $40,258 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 10%, $35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 9%, $80,000 note payable. Paid the amount due on the note to Locust at the maturity date. Paid the amount due on the note to NBR Bank at the maturity date. Nov. 28 Borrowed $42,000 cash from Fargo Bank by signing a 60-day, 8%, $42,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. > Year 2 -?_ Paid the amount due on the note to Fargo Bank at the maturity date. Purchased $40,250 of merchandise on credit from Locust, terms n/30. Note: Enter debits before credits. Debit General Journal Date Credit Apr 20 Replaced the April 20 account payable to Locust with a 90-day, 10%, $35,000 note payable along with paying $5,250 in cash. Note: Enter debits before credits. Date General Journal Debit Credit May 19 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 9%, $80,000 note payable. Note: Enter debits before credits. Debit General Journal Date Credit Jul 08 Paid the amount due on the note to Locust at the maturity date. Note: Enter debits before credits. Date General Journal Debit Credit Aug 17 Paid the amount due on the note to NBR Bank at the maturity date. Note: Enter debits before credits. Date General Journal Debit Credit Nov 05 Borrowed $42,000 cash from Fargo Bank by signing a 60-day, 8%, $42,000 note payable. Note: Enter debits before credits. Date General Journal Debit Credit Nov 28 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Paid the amount due on the note to Fargo Bank at the maturity date. Note: Enter debits before credits. Date General Journal Debit Credit Jan 27