Problem $9-1$A $($Algo$)$ Short$-$term notes payable transactions and entries LO P$1$

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$[$The following information applies to the questions displayed below.$]$

Tyrell Company entered into the following transactions involving short$-$term liabilities.

Year $1$

April $20$ 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, $8\%,$ $$35,000$ note payable along with paying $$2,500$ in cash.

July $8$ Borrowed $$57,000$ cash from NBR Bank by signing a $120-$day, $11\%,$ $$57,000$ note payable.

$\_\_?$question mark$\_\_$ Paid the amount due on the note to Locust at the maturity date.

$\_\_?$question mark$\_\_$ Paid the amount due on the note to NBR Bank at the maturity date.

November $28$ Borrowed $$36,000$ cash from Fargo Bank by signing a $60-$day, $8\%,$ $$36,000$ note payable.

December $31$ Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

Year $2$

$\_\_?$question mark$\_\_$ Paid the amount due on the note to Fargo Bank at the maturity date.

Problem $9-1$A $($Algo$)$ Part $5$

$5.$ Prepare journal entries for all the preceding transactions and events.

Note: Do not round your intermediate calculations.Return to question

$17$

Part $5$ of $5$

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Problem $9-1$A $($Algo$)$ Short$-$term notes payable transactions and entries LO P$1$

$[$The following information applies to the questions displayed below.$]$

$0\mathrm{.}86$

Tyrell Company entered into the following transactions involving short$-$term liabilities.

points

Year $1$

April $20$ Purchased $$37,500$ of merchandise on credit from Locust, terms $\frac{n}{30}.$

May $19$ Replaced the April $20$ account payable to Locust with a $90-$day, $8\%,$ $$35,000$ note payable along with paying $$2,500$ in cash.

July $8$ Borrowed $$57,000$ cash from NBR Bank by signing a $120-$day, $11\%,$ $$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.

November $28$ Borrowed $$36,000$ cash from Fargo Bank by signing a $60-$ day, $8\%,$ $$36,000$ note payable.

December $31$ Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

Year $2$

$\_?$ P Paid the amount due on the note to Fargo Bank at the maturity date.

Problem $9-1$A $($Algo$)$ Part $5$

$5.$ Prepare journal entries for all the preceding transactions and events.

Note: Do not round your intermediate calculations.

Answer is not complete.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$April $20,$Merchandise inventory,$37,500,],[,,$Accounts payable$-$Locust,,$37,500()$