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chapter 11 Homework (i) 2 Part 2 of 5 eBook Print Retcrences Tyrell Company entered...

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Accounting

chapter 11 Homework (i) 2 Part 2 of 5 eBook Print Retcrences Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $39,000 of merchandise on credit from Locust, terms n//30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 7%,$35,000 note payable along with paying $4,000 in cash. July 8 Borrowed $63,000 cash from NBR Bank by signing a 120-day, 10, $63, 000 note payable. -? - 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. November 28 Borrowed $27,999 cash from Fargo Bank by signing a 69 -day

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