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 $37,589 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 8%, $35,808 note payable along with paying $2,589 in cash. July 8 Borrowed $60,800 cash from NBR Bank by signing a 128-day, 11%, $60,eee 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 $21,800 cash from Fargo Bank by signing a 60-day, 7%, $21,eee 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. Required: 1. Determine the maturity date for each of the three notes described. Locust NBR Bank Fargo Bank Maturity date 2. Determine the interest due at maturity for each of the three notes. (Do not round your Intermediate calculations. Use 360 days a year.) Principal X Rate x Time = Interest Locust NBR Bank Fargo Bank 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: Fargo Bank x Time Principal X Rate = Interest Interest to be accrued in Year 1 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: Answer is complete but not entirely correct. Fargo Bank Principal X Rate x Time = $ 21,000 * 70% 27/380 = Interest $ 189 Interest to be recorded in Year 2 5. Prepare journal entries for all the preceding transactions and events. (Do not round your Intermediate calculations.) View transaction list Journal entry worksheet