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Required information (The following Information applies to the questions displayed below.) Tyrell Co, entered into the following transactions involving short-term liabilities. Year 1 Apr. 20 Purchased $40,000 of merchandise on credit from Locust, term n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, A1, $35,000 note payable along with paying $5,000 in cash. July 8 Borrowed $57,000 cash from NBR Bank by signing a 120-day, 123, $57,000 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. Nov. 28 Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 70, $33,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 Paid the amount due on the note to Pargo Bank at the maturity date. 3. Determine the interest expense recorded in the adjusting entry at the end of Year 1. (Do not round your intermediate calculations. Use 360 days a year.) Year End Accrual Required For: Principal Fargo Bank Rate Time % x Interest Interest to be accrued in Year 1 Required information [The following information applies to the questions displayed below.) Tyrell Co. entered into the following transactions involving short-term liabilities. Year 1 Apr. 20 Purchased $40,000 of merchandise on credit from Locust, terma n/30. May 19 Replaced the April 20 account payable to locust with a 90-day, 88, $35,000 note payable along with paying $5,000 in canh. July & Borrowed $57,000 cash from Nor Bank by signing a 120-day, 12%, $57,000 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. Nov. 28 Borroved $33,000 cash from Fargo Bank by nigning a 60-day, 71, $33,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. 4. Determine the interest expense recorded in Year 2. (Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year.) Year end accrual required for Fargo Bank Time Principal Rata x Interest Interest to be recorded in Year 2 Required information The following information applies to the questions displayed below.) Tyrell Co. entered into the following transactions involving short-term liabilitles. Year 1 Apr. 20 Purchased $40,000 of merchandise on credit from Locust, terma n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 81, $35,000 note payable along with paying $5,000 in cash. July Borrowed 557,000 cash from NBR Bank by signing a 120-day, 12, $57,000 note payable. Taid the amount due on the note to Locust at the maturity date. Paid the amount due on the note to AR Bank at the maturity date. Nov. 28 Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 71, $3,000 note payable. Dec. 31 Recorded an adjusting entry for acerued interest on the note to Fargo Bank. Year 2 Paid the amount due on the note to Targo Bank at the maturity date. ant 5. Prepare journal entries for all the preceding transe Jons and events. (Do not round your intermediate calculations.) rences View transaction list Journal entry worksheet Purchased $40,000 of merchandise on credit from Locust, terms 30 Netelar debit before credits General Journal Debit Credit Apr 20 ME Required information [The following information applies to the questions displayed below.) Tyrell Co. entered into the following transactions involving short-term liabilities. Year 1 Apr. 20 Purchased $40,000 of merchandise on credit from Locust, terns n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, #1, $35,000 note payable along with paying $5,000 in canh. July 9 Borrowed 657,000 cash from NBR Bank by signing a 120-day. 121, $57,000 note payable. _? Paid the amount due on the note to Locust at the naturity date. 2 Paid the amount due on the note to NBR Bank at the maturity date. Nov. 28 Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 71, $33,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Pargo Bank. Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) View transaction flat Journal entry worksheet Replaced the April 20 account payable to Locust with a 90-day, 8%, $35,000 note payable along with paying $5,000 in cash Noi Enter debits before it General Journal Debit Date May 19 Credit Required information [The following information applies to the questions displayed below.) Tyrell Co. entered into the following transactions involving short-term liabilities. Year 1 Apr. 20 Purchased $40,000 of merchandise on credit from Locust, terns n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 81, $35,000 note payable along with paying $5,000 in cash. July 8 Borrowed $57,000 cash from MBR Bank by signing a 120-day, 124, $57,000 note payable. Paid the amount due on the note to locust at the maturity date. 2 Paid the amount due on the note to NAR Bank at the maturity date. Nov. 28 Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 71, $33,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Pargo Bank. Year 2 -7 Paid the amount due on the note to Targo Bank at the naturity date. mint S. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) rences View transaction list Journal entry worksheet Paid the amount due on the note to Locust at the maturity date. Nota debit before credits Date General Journal Dabit Credit Aug 17 B. Required information (The following information applies to the questions displayed below) Tyrell Co. entered into the following transactions involving short-term liabilities. 015 Year 1 Apr. 20 Purchased $40,000 of merchandise on credit from Locust, terns /30. May 19 Replaced the April 20 account payable to Locust with a 90-day, #1, $35,000 note payable along with paying $5,000 in cash. July B Borrowed $57,000 cash from NBR Bank by signing a 120-day, 128, 557,000 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. Nov. 28 Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 71, $33,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Book Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) ferences View transaction ist Journal entry worksheet Paid the amount due on the note to NBR Bank at the maturity date. Not: Enter debits before credits General Journal Debit Credit Novos Required information [The following information applies to the questions displayed below.) Tyrell Co. entered into the following transactions involving short-term liabilities. Year 1 Apr. 20 Purchased $40,000 of merchandise on credit from Locust, terma n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 81, $35,000 note payable along with paying $5,000 in cash. July 8 Borrowed $57,000 cash from NBR Bank by signing a 120-day, 12t, $57,000 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. Nov. 20 Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 71, $33,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Yargo Bank. Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. 5. Prepare joumal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) Fences View transaction list Journal entry worksheet Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 7%, $33,000 note payable. tenter dette credits General Journal Debit Credit Nov 28 Required information The following information applies to the questions displayed below.) Tyrell Co. entered into the following transactions involving short-term liabilities. Year 1 Apr. 20 Purchased $40,000 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 81, $35,000 note payable along with paying $5,000 in canh. July Borrowed $57,000 cash from NBR Bank by signing a 120-day, 121, $57,000 note payable. Paid the amount due on the note to Locust at the maturity date. 2 Paid the amount due on the note to NBR Bank at the maturity date. Nov. 28 Borrowed $33,000 cash from Pargo Bank by signing a 60-day, 71, $33,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 ? Paid the amount due on the note to Pargo Bank at the maturity date. 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) ces View transaction ist Journal entry worksheet Recorded an adjusting entry for accrued interest on the note to Fargo Bank Enter det store credits General Joumat Date Dec 31 Debt Credit ME Required information [The following information applies to the questions displayed below.) Tyrell Co. entered into the following transactions involving short-term liabilities. Year 1 Apr. 20 Purchased $40,000 of merchandise on credit from Locust, terna n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 89, $35,000 note payable along with paying $5,000 in cash. July Borrowed $57.000 cash from NBR Bank by signing a 120-day, 121, $57,000 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. Nov. 28 Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 1, $33,000 note payable. Dee. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) ance View transaction list Journal entry worksheet Paid the amount due on the note to Fargo Bank at the maturity date. Note Edebits before credits Data General Journal Dobil Credit Jan 27

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