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13 Required information Part 1 of5 The foowing information appies to the questions displayed below. Tyrell Co. entered into the following transactions involving short-term labilites In 2017 and 2018. 10 points 2017 Apr. 20 Purchased $35,000 of merchandise on credit from Locust, terms 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 9 annal interest along with paying $0 in cash July 8 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 12% eBook interest-bearing note with a face value of $54,000 Print 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 536,000 cash from Fargo Bank by signing a 60-day, 78 interest-bearing note with a face value of $36,000 ReferenCe Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank Paid the anount due on the note to Fargo Bank at the maturity date Required: 1. Determine the maturity date for each of the three notes described. Maturity date Required information Part 2 of 5 The folowing information appies to the questions displayed below. Tyrell Co. entered into the following transactions involving short-term labilites In 2017 and 2018. 10 points 2017 Apr. 20 Purchased $35, 000 of merchandise on credit from Locust, terms 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 9annual interest along with paying $0 in cash July 8 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 12% eBook interest-bearing note with a face value of $54,000 Print 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 536,000 cash from Fargo Bank by signing a 60-day, 7% interest-bearing note with a face value of $36,000 ReferenCe Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank Paid the anount due on the note to Fargo Bank at the maturity date the Interest due at maturity for each r intermediate calculations. 2. Determine round your Use 360 days a year.) Locust NBR Bank Fargo Bank 15 Required information Part 3 of 5 The foowing information appies to the questions displayed below. Tyrell Co. entered into the following transactions involving short-term labilites In 2017 and 2018. 10 points 2017 Apr. 20 Purchased $35,000 of merchandise on credit from Locust, terms 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 9annual interest along with paying $0 in cash July 8 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 12% eBook interest-bearing note with a face value of $54,000 Print 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 536,000 cash from Fargo Bank by signing a 60-day, 78 interest-bearing note with a face value of $36,000 Reference Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank Paid the anount due on the note to Fargo Bank at the maturity date 3. Determine the Interest expense to be recorded In the adjusting entry at the end of 2017. (Do not round your intermediate calculations. Use 360 days a year) Fargo Bank for: Interest to be accrued in 2017 16 Required information Part 4 of 5 The folowing information appies to the questions displayed below. Tyrell Co. entered into the following transactions involving short-term labilites In 2017 and 2018. 10 points 2017 Apr. 20 Purchased $35, 000 of merchandise on credit from Locust, terms 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 9annual interest along with paying $0 in cash July 8 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 12% eBook interest-bearing note with a face value of $54,000 Print 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 536,000 cash from Fargo Bank by signing a 60-day, 7% interest-bearing note with a face value of $36,000 ReferenCe Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank Paid the anount due on the note to Fargo Bank at the maturity date 4. Determine the interest expense to be recorded in 2018 (Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year) Fargo Bank Interest to be recorded in 2018 17 Required information Part 5of5( The foowing information appies to the questions displayed below. Tyrell Co. entered into the following transactions involving short-term labilites In 2017 and 2018. 10 points 2017 Apr. 20 Purchased $35, 000 of merchandise on credit from Locust, terms 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 9annual interest along with paying $0 in cash July 8 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 12% eBook interest-bearing note with a face value of $54,000 Print 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 536,000 cash from Fargo Bank by signing a 60-day, 7% interest-bearing note with a face value of $36,000 Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank Paid the anount due on the note to Fargo Bank at the maturity date 5.1 Prepare journal entries for all the preceding transactions and events for 2017. Do not round your intermediate View transaction list Journal entry worksheet Purchased $35,000 of merchandise on credit from Locust, terms n/30. Tyrell uses the perpetual inventory system Note: Enter debits before credits. ate 20, 2017 Record entry View general journal Clear entry 5.2 Prepare journal entries for al the preceding transactions and events for 2018. (Do not round your intermediate 1/ o 0 Required information Part 5 of 5 5.1 Prepare journal entries for all the preceding transactions and events for 2017(Do not round your intermediate calculations.) 10 View transaction list View journal entry worksheet No Date Debit Credit General Journal eBook Print 5.2 Prepare journal entries for all the preceding transactions and events for 2018. (Do not round your intermediate calculations.) View transaction list Journal entry worksheet Paid the amount due on the note to Fargo Bank at the maturity date Note: Enter debits before credits ate eneral Jan 27, 2018 Record entry View general journal Clear entry

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