Ch 09 GL P9-1a Seved Help Save 1 GL901 - Based on Problem 9-1A LO C2, P1 15 points Book The January 1, Year 1 triat balance for the Perry Company is found on the trial balance tab. The beginning balances are assumed. North Co, entered into the following transactions involving short-term Habilities. (Use 360 days a year) Teae 1 Apr. 20 Purchased $3,750 of mrchandise on credit from Garela, tere /30. MAY 19 Replaced the April 20 secout payable to Garcia with 30-day, 109, $30,000 note payable along with paying $15.750 in cash. July Borrowed 590,000 enshtron AKR Bank by signing - 130-day, 91,490,000 note payable Aug 17 Taid the amount on the note to Care at the maturity data Nov. 5 Taid the amount doe on the note to AKR Dank at the maturity date. M. Borrowed $45,000 cash from Albany Bank by signing 60-day, 1, $45,000 note payable Dee 31 Recorded an adjusting entry for served interest on the note to Albany Bank 2 Jan. 17 Paid the sunt de on the note to Albany Bank the maturity date. General General Journal Year 2 Landger Trial Balance Schedule of Calculation of Interest payment General Journal tab - Prepare the Year 1 journal entries related to the notes and accounts payable of North Ca Calculation of interest tab - Use the interest formula (PxBxT) to verify the amount of interest recorded in your entries. Verify that tatanterest expense agrees with the trial balance Year 2 payment tab. Prepare the January 27, Year 2 entry to record the repayment of the note at maturity General Journal