Tyrell Co. entered into the following transactions involving short-term liabilities in 2016 and 2017. 2016 Apr. 20 Purchased $39,000 of merchandise on credit from Locust, terns n/30. Tyrell uses the perpetual inventory system. May 19 Replaced the April 2e account payable to Locust with a 90-day, $35,000 note bearing 8X annual interest along with paying $4,000 in cash. July 8 Borrowed $57,000 cash from NBR Bank by signing a 120-day, 11% interest-bearing note with a face value of $57,000. 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 $24,000 cash from Fargo Bank by signing a 60 day, 6% interest-bearing note with a face value of $24,000. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 2017 _?_ Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9-1A Part 5 5.1 Prepare journal entries for all the preceding transactions and events for 2016. (Do not round your intermediate calculations.) View transaction list Journal entry worksheet Purchased $39,000 of merchandise on credit from Locust, terms 1/30. Tyrell uses the perpetual Inventory system, Note: Enter debit before credits Credit Date Apr 20, 2016 General Journal Merchandise inventory | Accounts payable Locust Debit 39.000 39.000