Question: its due on 20 mins! please help! will rate good applies to the questions displayed below. Tyrell Co. entered into the following transactions involving short-term

its due on 20 mins! please help! will rate good
its due on 20 mins! please help! will rate good applies to
the questions displayed below. Tyrell Co. entered into the following transactions involving

applies to the questions displayed below. Tyrell Co. entered into the following transactions involving short-term liabilities. Year 1 Apr. 20 Purchased $35,000 of merchandise on credit from Locust, terms n/38. May 19 Replaced the April 20 account payable to Locust with a 90-day, 7%, $35,000 note payable along with paying $0 in cash. July 8 Borrowed $51,000 cash from NBR Bank by signing a 120-day, 10%, $51,000 note payable. Paid the amount due on the note to Locust at the maturity date. 7 Paid the amount due on the note to NBR Bank at the maturity date. Nov. 28 Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 94, $33,688 note payable. Dec. 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. Problem 9-1A Part 4 4. Determine the interest expense recorded in Year 2. (Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year.) Year end accrual required for: Fargo Bank Time Principal Rate Interest Interest to be recorded in Year 2 % Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9-1A Part 5 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) View transaction list Journal entry worksheet Purchased $35,000 of merchandise on credit from Locust, terms n/30. Note: Enter debits before credits Date Debit Credit Apr 20 General Journal Merchandise inventory Accounts payable Locust 35,000 35,000

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