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Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $38,580 of merchandise on eredit from Locust, terms n/30. May

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Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $38,580 of merchandise on eredit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 96 day, 8\%, $35,000 note payable along with paying $3,500 in cash. Juty 8 Borrowed $63,080 cash from NBR Bank by signing a 120-day, 12%,$63,090 note payable. -7. Paid the anount due on the note to Locust at the naturity date. ? Paid the amount due on the note to NBR Bank at the maturity date. Year 2 - ? Paid the anount due on the note to Fargo Bank at the naturity date. 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.)

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