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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 Apt. 20 Purchased $37.500 of merchandise on credat from locus, termen/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 0, $35,000 noce payable along with paying $2,500 in canh. July Borrowed 657,000 cash from NBR Bank by signing a 120-day, 116, 557,000 note payable. Faid the amount due on the note to Locust at the maturity date. Paid the amount due on the note to NAR Bank at the marity date. Nov. 20 Borrowed $33,000 cash from Fargo Bank by signing a 60-day., 533,000 note payable. Dec. 31 Recorded an adjusting entry tor acorged interest on the note to targo Bank. Year 2 Paid the amount due on the note to Targa Bank at the maturity date 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 and accrual required for: Principal X Rate Fargo Bank Time % X Interest to be recorded in Year 2 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, terns n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 83, $35,000 note payable along with paying $2,500 in cash. 8 Borrowed 657,000 cash from NBR Bank by signing a 120-day, 11%, $57,000 note payable. Paid the amount due on the note to Locust at the maturity date. 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, 83, 533,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the nece to Fargo Bank. Year 2 Paid the amount due on the note to Yargo Bank at the maturity date. 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) View transaction fist Journal entry worksheet 1 2 3 4 5 6 7 8 Purchased $37,500 of merchandise on credit from Locust, terms 130. Notes Enter debits before credit General Journal Debit Credit Date Apr 20 Journal entry worksheet Paid the amount due on the note to Locust at the maturity date. Note: Enter debits before credits. Date General Journal Debit Credit Aug 17 Record entry Clear entry View general journal 03 View transaction list Journal entry worksheet Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 8%, $33,000 note payable. Note: Enter debits before credits. Date General Journal Debit Credit Nov 28 Record entry Clear entry View general journal Journal entry worksheet