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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 Apri1 20 Purchased $37,500 of nerchandise on eredit from Locust, terms n/30. May 19 Replaced the April 20 account payable to locust with a 90 -day, 88, $35,000 note payable along with paying $2,500 in cash. July 8 Borrowed $63,000 cash from NBR Bank by signing a 120-day, 128, $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 $30,000 cash from Fargo Bank by signing a 60 -day, 68,$30,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 - Paid the anount due on the note to Yargo Bank at the maturity date. Required: 1. Determine the maturity date for each of the three notes described. Required information [The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 Apri1 20 Purchased $37,500 of merchandise on credit fron Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 88,$35,000 note payable along with paying $2,500 in cash. July 8 Borrowed $63,000 cash from NDR Bank by signing a 120-day, 12t, $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 $30,000 cash from Fargo Bank by signing a 60 -day, 6t,$30,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 - P Paid the amount due on the note to Fargo Bank at the maturity date. 2. Determine the interest due at maturity for each of the three notes, (Do not round intermediate calculations and round your final answer to nearest whole dollar. Use 360 days a year.) Required information [The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $37,500 of nerchandise on credit from Locust, terms n/30. Nay 19 Replaced the April 20 account payable to Locust with a 90-day, 88, $35,000 note payable along with paying $2,500 in cash. July 8 Borrowed $63,000 cash from KBR Bank by signing a 120-day, 128, $63,000 note payable. - P Paid the anoint due on the note to Loetust at the maturity date. Paid the amount due on the note to NaR Bank at the maturity date. November 28 Borrowed 530,000 eash fron Pargo Bank by signing a 60-day, 68, 530,000 note payable. December 31 Recorded an adjusting entry for acorued interest on the note to Fargo Bank. Year 2 - 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 intermediate calculations and round your final answer to nearest whole dollar. Use 360 days a year.) Required information [The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $37,500 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 88, $35,000 note payable along with paying $2,500 in cash. July 8 Borrowed $63,000 cash from NBR Bank by signing a 120-day, 12z, $63,000 note payable. - 2 - 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 $30,000 cash from rargo Bank by signing a 60 -day, 68,$30,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 ? P 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 nearest whole dollar. Use 360 days a year.) ? - Paid the amount due on the note to Fargo Bank at the maturity date. Prepare journal entries for all the preceding transactions and events. (Do not round your interm Journal entry worksheet 5678> Purchased $37,500 of merchandise on credit from Locust, terms n/30. Note: Enter debits before credits. December 31 Recorded an adjusting entry for accrued interest on the note to Fa Year 2 repare journal entries for all the preceding transactions and events. (Do not round your inte Journal entry worksheet 678 Replaced the April 20 account payable to Locust with a 90-day, 8%,$35,000 note payable along with paying $2,500 in cash. Note: Enter debits before credits. Paid the amount due on the note to Fargo Bank at the maturity date. epare journal entries for all the preceding transactions and events. (Do not round your intern Journal entry worksheet Borrowed $63,000 cash from NBR Bank by signing a 120 -day, 12%,$63,000 note payable. Note: Enter debits before credits. Journal entry worksheet Paid the amount due on the note to Locust at the maturity date. Note: Enter debits before credits. repare journal entries for all the preceding transactions and events. (Do not round your int Journal entry worksheet Paid the amount due on the note to NBR Bank at the maturity date. Note: Enter debits before credits. repare journal entries for all the preceding transactions and events. (Do not round your inte Journal entry worksheet 1 Borrowed $30,000 cash from Fargo Bank by signing a 60 -day, 6%,$30,000 note payable. Note: Enter debits before credits. Journal entry worksheet Paid the amount due on the note to Fargo Bank at the maturity date. Note: Enter debits before credits. Journal entry worksheet 12 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Note: Enter debits before credits

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