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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 llabilities. Year 1 Apri1 20 Rurchased $40,000 of morchandise on oredit from focuat, terms a/30. May 19 Replaced the Apri1 20 account payable to Locust wth a 90 -day, 91,$35,000 note payable along with paying $5,000 in eash. Joly B Borrosed $66,000 cash tron Nas nank by algning a 120-day, 116, $66,000 note payable. - Paid the anount due on the note to Locust at the maturlty date. - - Paid the amount due on the note to MBR Bank at the naturity date. Novenber 28 Borrowed 530,000 eash troe Fargo aank by signing a 60-day, 81,$30,000 note payable. December 31 llecorded an adjulting entry for acerued interest on the note to Fargo Bank. Year2 - Paid the mount toue on the note to Fargo 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 Apei1 20 Purchased $40,000 of merchandise on eredit frcm Locust, terms n/30. May 19 Replaced the Apri2 20 account payable to Locust with a 90 -day, 92,$35,000 note payable alang witb paying $5,000 in cash, Jaly \& Borrowed $66,000 eash from KBr Bank by aigning a 120-day, 114, \$66,000 note payable. Paid the amount due on the note to Locuat at the maturity date. Novenber 7 - Paid the amount due on the note to KBR Bank at the maturity date. November 28 Borrowed $30,000 oash from Fargo Bank by Bigning a 60-day, 81, $30,000 note payable. December 31 Hecorded 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. 2. Determine the interest due at maturity for each of the three notes. Note: 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 Apri1 20 Purchased $40,000 of merchandiae on eredit from Locust, terau a/30. May 19 Replaced tbe Apri1 20 account payable to tocust with a 90 day, 91,535,000 note payable along with paying $5,000 in cash. July a Borroned $66,000 canh Iram MBa Bank by signing a 120-day, 116, $66,000 note payable. - Daid the anount due on the note to Locust at the maturity date. Novenber 22. Paid the ahount due on the note to sBr Bank at the maturity date. Decenber 31 Reccosed $30,000 canh fron Fargo Bank by signing a 60-day, 83, $30,000 note payable. Decenber 31 liecorded an adjuating entry for accrued interest on the note to Fargo Bank. Year 2 3. Determine the interest expense recorded in the adjusting entry at the end of Year 1. Note: Do not round intermediate calculations and round your final answer to nearest whole dollar. Use 360 days a yeac. Required information [The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 Mpri1 20 Purchaned $40,000 of merchandise on credit frce Locust, terns /30. May 19 Replaced the Apri1 20 account payable to Looust with a 90 -day, 91,$35,000 note payable aleog wath paying $5,000 in eash. July \& Borrowed $66,000 canh from sor Bank by signing a 120-day, 118, $66,000 note payable. - Paid the anount due on the note to Locust at the maturity date. vovenber 28 Borrowed 530,000 cash fron Fargo Bank by signing a 60-day, 82, $30,000 note payable. December 31 Recorded an adjusting entry for accrued interent on the note to Fargo Bank. Year 2 - F Paid the amount due on the note to Fargo Bank at the maturity date. 4. Determine the interest expense recorded in Yoar 2. Note: Do not round intermediate calculations and round your final answers to nearest whole dollar, Use 360 days a year. [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 $40,000 of merchandine on credit fron tocugt, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 day, 98,$35,000 note payable along with paying $5,000 in oash. July 8 Borrowed $66,000 cash from Nsk Bank by signing a 120-day, 112, $66,000 note payable. -? Paid the amount due on the note to Locust at the maturity date. Paid the amount due on the note to sar Bank at the maturity date. November 28 Borrowed $30,000 cash from Fargo Bank by signing a 60 -day, 81,$30,000 note payable. December 31 Recorded an adjuating 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. Prepare journal entries for all the preceding transactions and events. lote: Do not round your intermediate calculations. Journal entry worksheet 2345678> Purchased $40,000 of merchandise on credit from Locust, terms n/30. Note: Enter debiti before credits. Required information [The following information applies to the questions alsplayed below] Tyrell Company entered into the following transactions involving short-term liabilities: Year 1 Apri1 20 purchased $40,000 of morchandise on eredit from Locust, terms n/30. May 19 Replaced the Apri1 20 account payable to Locust with a 90-day, 91, $35,000 note payab1e along July with paying $5,000 in cash. July 8 Borrowod $66,000 cash from sier Bank by aigning a 120-day, 111, $66,000 note payable. - ? Paid the amount due on the note to Locust at the naturity date. Novenber 28 Borrosed 530,000 cash tron note to kas Bank at the maturity date. December 31 Recorded an adjunting entry for aank by Bigning a 60-day, as, $30,000 note payable. entry tor acorved interest on the note to Fargo Banx. Year 2 - Paid the amount due on the note to rargo Bank at the maturity date. 5. Prepare journal entries for all the preceding transactions and events. Note: Do not round your intermediate calculations. Journal entry worksheet 3345678> Replaced the April 20 account payable to Locust with a 90 -day, 9%,$35,000 note payable along with paying $5,000 in cash. Note: Einter vebits before credits. 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 Purehased $40,000 ot merchandine on credit frot Locust, terns n/30. May 19 Replaced the xpri2 20 account payable to tocust Mite a 90-day, 90,$15,000 note payable along with paying 55,000 in cash. Jaly \& Borrowed 366,000 cash from NBR Bank by signing a 120-day, 112, $66,000 note payable. - ? Paid the amount due on the note to Locust at the maturity date. Paid the amount due on the note to Nar Bank at the naturity date. November. 28 llorrowed $30,000 cash Erom Fargo Bank by signing a 60-day, 81,$30,000 note payable. December 31 Recorded an adjusting entry for acerved interent on the note to Fargo Bank. Vear 2 -?. Daid the amount due on tbe 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. Journal entry worksheet Borrowed $66,000 cash from NBR Bank by signing a 120 -day, 11%,$66,000 note payable: Note: Enter debits bedore credits. Required information [The following information applies to the questions displayed below] Tyrell Company entered into the following transactions involving short-term liabilitios. Year 1 Apt11. 20 Purehased $40,000 of morchandige on eredit froan Tooubt. terna n/ Jo. May 19 Replaced the April 20 aceotnt, payable to Locust with a 90day,93,535,000 note payable along with payshg $5,000 in aash. ? Paid the amount due on the note to todust at the maturity date. Decenber 31 thecorded an adyusting entry for accrued finterest on the note to rargo nank. Year 2 -7. Pald 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. Journal entry worksheet Paid the amount due on the note to Locust at the maturity date. Nate: Enter desits tiefore credits. 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 $40,000 of morchandise on eredit from Locuat, terms n/30. ray 19 Replaced the Apri1 20 account payable to tocust with a 90 -day, 90,$35,000 note payable along with paying $5,000 in cash. July 8 Borroved $66,000 cash fron 308 alank by signing a 120-day, 111, $66,000 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. Novenber 28 Borrowed $30,000 cash from Fargo Bank by signing a 60 -day, 88, $30,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 -?. Paid the moant 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. Journal entry worksheet Paid the amount due on the note to NBR Bank at the maturity date. Note: Enter debits before credrs. 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 $40,000 of merehandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 98, $35,000 note payable along May 19 with paying $5,000 in cash. July 8 Borrowed $66,000 cash from NBR Bank by aigning a 120 -day, 112, $66,000 note payable. - - Paid the amount due on the note to Locust at the maturity date. November 28 Borrowed $30,000 cash from Fargo Bank by ank at the maturity date. December 31 Recorded an adjusting entry for accrued signing a 60-day, 88,$30,000 note payable. Year 2 - 3 - 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. Journal entry worksheet Borrowed $30,000 cash from Fargo Bank by signing a 60 -day, 8%,$30,000 note payable. Note: Enter debits before credits. 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 $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, 98,$35,000 note payable along July 8 with paying $5,000 in cash. July 8 Borrowed $66,000 cash from NBR Bank by signing a 120-day, 118, $66,000 note payable. -? Paid the amount due on the note to Locust at the maturity date. November 28 Borrowed $30,000 cash from nargo Bank by ank at the maturity date. December 31 Recorded an adjusting entry for Bank by signing a 60 -day, 81,$30,000 note payable. December 32 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. Prepare journal entries for all the preceding transactions and events. lote: Do not round your intermediate calculations. Journal entry worksheet Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Note: Enter deblts before credits. 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 $40,000 of merehandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to tocust with a 90 -day, 98,$35,000 note payable along Jely 8 with paying $5,000 in cash. July 8 Borrowed $66,000 cash from NBR Bank by signing a 120-day, 118,$66,000 note payable. Paid the amount due on the note to tocust at the maturity date. November 28 Borrowed $30,000 eash from note to NBR Bank at the maturity date. December 31 Recorded an adjusting entry for accrued interest on the note to Pargo aank. payable. 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. Journal entry worksheet

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