Question: please help solve 1. 2. 3. thank you Required information [The following information applies to the questions displayed below] Tyrell Co entered into the following
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Required information [The following information applies to the questions displayed below] Tyrell Co entered into the following transactions involving short-term liabilities Year 1 Apr. 20 Purchased $37.500 of merchandise on credit from Locust, termo /30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 81, 535,000 note payable along with paying $2,500 in cash. Joly B Borrowed $57,000 cash from NBR Bank by signing a 120-day, 111, $57,000 note payable. Paid the amount due on the note to focust at the maturity date. Paid the amount due on the note to NER Bank at the maturity date. Nov. 28 Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 0, $33,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Yargo Bank Year 2 Paid the amount due on the note to Fargo Bank at the maturity date. Required: 1. Determine the maturity date for each of the three notes described Locust NBR Bank Fargo Bank Maturity date Required information [The following information applies to the questions displayed below) Tyrell Co, entered into the following transactions involving short-term liabilities Year 1 Apt. 20 Purchased $37,500 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 0, $35,000 note payable along with paying $2,500 in cash. July Borrowed $57,000 Cash from Bank by signing a 120-day, 111, $57.000 note payable. Paid the amount due on the bote to Locust at the maturity date. Paid the amount due on the note to NB Bank at the maturity date. Nov. 26 Borroved $33,000 cash from Fargo Bank by signing 60-day, 35,000 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 targo Bank at the maturacy date 2. Determine the interest due at maturity for each of the three notes. (Do not round your intermediate calculations. Use 360 days a year.) Principal X Rato Time Interest Locust NBR Bank % Fargo Bank x % X Required information The following information applies to the questions displayed below) Tyrell Co. entered into the following transactions involving short-term liabilities Year 1 Npr. 20 Purchased $37.500 of merchandise on credit from Locust, terma n/30. May 19 Replaced the April 20 account payable to locust with a 90-day, 0, $35,000 note payable along with paying 92,500 in cash. July Borrowed $5,000 cash from NBR Bank by signing a 120-day, 111.057.000 note payable. Paid the amount due on the note to Locust at the maturity date. Paid the amount due on the note to NUR Bank at the maturity date. Nov. 26 Borrowed $33,000 cash from Fargo Bank by signing 60-day, 88, 533, 000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 Faid the mount due on the note to Targo Bank at the maturity date. 3. Determine the interest expense recorded in the adjusting entry at the end of Year 1 (Do not round your intermediate calculations. Use 360 days a year.) Year End Accrual Required Fon Fargo Bank Time Principal X Rate X Interest Interest to be accrued in Year 1 X
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