Tyrell Co. entered into the following transactions involving short-term liabilities. Year 1 Apr. 20 Purchased $36,000 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 7%, $35,000 note payable along with paying $1,000 in cash. July 8 Borrowed $66,000 cash from NBR Bank by signing a 120-day, 10%, $66,000 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 $30,000 cash from Fargo Bank by signing a 60-day, 8%, $30,000 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. Journal entry worksheet 1 2 3 4 5 6 7 8 Purchased $36,000 of merchandise on credit from Locust, terms n/30. Note: Enter debits before credits. Date Apr 20 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 5 6 7 8 Replaced the April 20 account payable to Locust with a 90-day, 7%, $35,000 note payable along with paying $1,000 in cash. Note: Enter debits before credits. Date May 19 General Journal Debit Credit 71 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 Borrowed $66,000 cash from NBR Bank by signing a 120-day, 10%, $66,000 note payable. Note: Enter debits before credits. Date Jul 08 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 Paid the amount due on the note to Locust at the maturity date. Note: Enter debits before credits. Date Aug 17 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet > 1 2 3 4 5 6 7 8 Paid the amount due on the note to NBR Bank at the maturity date. Note: Enter debits before credits. Date Nov 05 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 Borrowed $30,000 cash from Fargo Bank by signing a 60-day, 8%, $30,000 note payable. Note: Enter debits before credits. Date Nov 28 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 Paid the amount due on the note to Fargo Bank at the maturity date. Note: Enter debits before credits. Date Jan 27 General Journal Debit Credit Record entry Clear entry View general journal