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GL901 - Based on Problem 9-1A LO C2, P1 The January 1. Year 1 trial balance for the Smith Company is found on the trial balance tab. The beginning balances are assumed. Walker Co. entered into the following transactions involving short-term liabilities. (Use 360 days a year.) Year 1 Apr. May July Aug. Nov. Nov. Dec. 20 Purchased $50,750 of merchandise on credit from Lee, terms n/30. 19 Replaced the April 20 account payable to Lee with a 90-day, 69, $36,000 note payable along with paying $14.750 in cash. B Borrowed $108,000 cash from NSR Bank by signing a 120-day, 9, $108,000 note payable. 17 Paid the amount due on the note to Lee at the maturity date. 5 Paid the amount due on the note to NBR Bank at the maturity date. 28 Borrowed $66,000 cash from Albany Bank by signing a 60-day, 88, 866,000 note payable. 31 Recorded an adjusting entry for accrued interest on the note to Albany Bank. Year 2 27 Paid the amount due on the note to Albany Bank at the maturity date. General Journal General Ledger Trial Balance Schedule of Calculation of Payables Interest Requirement Year 2 payment General Journal tab. Prepare the Year 1 journal entries related to the notes and accounts payable of Walker Co. Calculation of interest tab. Use the interest formula (P x RXT) to verify the amount of interest recorded in your entries. Verify that total interest 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. Regulamin General Journal > LLLLL Requirement General General Schedule of Calculation of Journal Year 2 Trial Balance Ledger Payables Interest payment Prepare the journal entries related to notes and accounts payable. Hint: Use the "Calculation of Int accuracy of your entries. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Apr. 20. Purchased $50,750 of merchandise on credit from Lee, terms 1/30. Walker uses the perpetual inventory system. Note: Enter debits before credits Account Title Debit Credit Date Apr 20 Record entry Clear entry View general Journal Journal entry worksheet