GL901 - Based on Problem 9-1A LO C2, P1 The January 1, Year 1 trial balance for the Hall Company is found on the trial balance tab. The beginning balances are assumed. Walsh Co. entered into the following transactions involving short-term liabilities. (Use 300 days a year.) Year Apr. May 20 Purchased $47,250 of merchandise on credit from Collins, terms n/30. 19 Replaced the April 20 account payable to Collins with a 90-day, 12%, $37,000 note payable along with paying $10, 250 in cash. July Aug. Nov. 8 Borrowed $87,000 cash from NBR Bank by signing a 120-day, 6%, $87,000 note payable. 17 Paid the amount due on the note to Co1lins at the maturity date. 5 Paid the amount due on the note to NBR Bank at the maturity date. 28 Borrowed $45, B00 cash from kochester Bank by signingA 68-day, , S45,000 note payable. 31 Recorded an adjusting entry for accrued interest on the note to Rochester Bank. Nov. Dec. Year 27 Paid the amount due on the note to kochester Sank at the maturity date. Jan. 1 Requirement Trial Balance uURAIR s Journal Ledger Payables Interest payment Prepare the journal entries related to notes and accounts payable. Use the "Calculation of Inte Hint: of your entries. accuracy ints View transaction list Journal entry worksheet ok 3 6 7 Ask Aug. 17. Paid the amount due on the note to Collins at the maturity date. Print Note: Enter debits before credits. Crdit Debit Account Title Date References Notes payable - Collins 37,000 Aug 17 Interest expense Cash View general journal Clear entry Record entry General Ledger >