Tyrell Co. entered into the following transactions involving short-term liabilities in 2014 and 2015.

2014
Apr. 20	Purchased $40,250 of merchandise on credit from Locust, terms are 1/10, n/30. Tyrell uses the perpetual inventory system.
May 19	Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 10% annual interest along with paying $5,250 in cash.
July 8	Borrowed $80,000 cash from National Bank by signing a 120-day, 9% interest-bearing note with a face value of $80,000.
___?___	Paid the amount due on the note to Locust at the maturity date.
___?___	Paid the amount due on the note to National Bank at the maturity date.
Nov. 28	Borrowed $42,000 cash from Fargo Bank by signing a 60-day, 8% interest-bearing note with a face value of $42,000.
Dec. 31	Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

2015

__?__

Paid the amount due on the note to Fargo Bank at the maturity date.

5) Prepare journal entries for all the preceding transactions and events for years 2014

a) Purchased $40,250 of merchandise on credit from Locust, terms are 1/10, n/30. Tyrell uses the perpetual inventory system.

b) Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 10% annual interest along with paying $5,250 in cash.

c) Borrowed $80,000 cash from National Bank by signing a 120-day, 9% interest-bearing note with a face value of $80,000.

d) Paid the amount due on the note to Locust at the maturity date.

e) Paid the amount due on the note to National Bank at the maturity date.

f) Borrowed $42,000 cash from Fargo Bank by signing a 60-day, 8% interest-bearing note with a face value of $42,000.

g) Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

2. Determine the interest due at maturity for each of the three notes. (Do not round your intermediate calculations. Use 360 days a year.) Principal x Ratex xTime Locust National Bank Fargo Bank