Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $46,600 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 9%, $35,000 note payable along with paying $5,600 in cash. July 8 Borrowed $60,000 cosh froe N8R 8ank by signing a 120-day, 11\%, $60,000 note payable. - Paid the amount due on the note to locust ot the maturlty date. Paid the amount due on the note to NBR Bank at the maturity date. November 23 Borrowed $33,600 cash from Fargo Bank by signing a 60 -day, 8\%, $33,060 note payable. Decenber 31 Recorded an adfusting entry for accrued lnterest 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 Purchased $40,000 of merchandise on credit from Locust, terms n/30. Note: Enter debits before credits. Journal entry worksheet 568 Replaced the April 20 account payable to Locust with a 90-day, 9\%, $35,000 note payable along with paying $5,000 in cash. Note: Enter debits before credits. Journal entry worksheet Borrowed $60,000 cash from NBR Bank by signing a 120-day, 11\%, $60,000 note payable. Note: Enter debits before credits. Journal entry worksheet 8 Paid the amount due on the note to Locust at the maturity date. Note: Enter debits before credits. Journal entry worksheet Paid the amount due on the note to NBR Bank at the maturity date. Note: Enter debits before credits. Journal entry worksheet Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 8\%, $33,000 note payable. Note: Enter debits before credits. Journal entry worksheet Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Note: Enter debits before credits. Journal entry worksheet Paid the amount due on the note to Fargo Bank at the maturity date. Note: Enter debits before credits