Use year 1 and year 2 to complete the following entries.

GL901 (Algo) - Based on Problem 09-1A LO P1 The January 1, Year 1 trial balance for the Griffin Company is found on the trial balance tab. The beginning balances are assumed. Griffin Company entered into the following transactions involving short-term liabilities. Note: Use 360 days a year. Year 1 April 20 Purchased $47,750 of merchandise on credit fron Duerr, terms n/30. May 19 Replaced the April 20 account payable to Duerr with a 90 -day, 6K,$38, eoe note payable along with paying $9,750 in cash. July 8 Borrowed $90,000 cash from CDR Bank by signing a 120 -day, 9%, $90,e00 note payable. August 17 Paid the amount due on the note to Duerr at the maturity date. November 5 Paid the amount due on the note to CDR Bank at the maturity date. November 28 Borrowed $48,00 cash from Albany Bank by signing a 60-day, 10\%, $48,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Albany Bank. Year 2 January 27Paid the amount due on the note to Albany Bank at the maturity date. August 17. Paid the amount due on the note to Duerr at the maturity date. Note: Enter debits before credits. Journal entry worksheet November 5. Paid the amount due on the note to CDR Bank at the maturity date. Note: Enter debits before credits. Journal entry worksheet 2 November 28. Borrowed $48,000 cash from Albany Bank by signing a 60 -day, 10%,$48,000 note payable. Note: Enter debits before credits. Journal entry worksheet December 31 Recorded an adjusting entry for accrued interest on the note to Albany Bank. Note: Enter debits before credits. Year 2 January 27 Paid the amount due on the note to Albany Bank at the maturity date. Prepare the January 27, Year 2 joumal entry to record the payment of the Albany note at maturity. Griffin Company does NOT prepare reversing entries