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Required information [The following information applies to the questions displayed below] Tyrell Company entered into...

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Required information [The following information applies to the questions displayed below] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 Aprit 20 Purchased $38,500 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 28 account payable to Locust with a 98 -day, 8\%, 535,000 note payable along with paying $3,500 in cash. July 8 Borrowed $54,000 cash from NBR Bank by 5igning a 120 -day, 124,$54,000 note payable. - ? - Paid the anount due on the note to Locust at the maturity date. Novenber 28 Borrowed $33,000 cash from Fargo Bank by signing a 60 -day, 74,$33,000 note payable. December 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. Note: Do not round your intermediate calculations. Inirnal antru wnrkehapt

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