Problem 9-1A (Algo) Short-term notes payable transactions and entries LO P1 [The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 Apri1 20 Purchased $37,000 of merchandise on credit from Locust, terms n/30. May 19 Replaced the Apri1 20 account payable to Locust with a 90 day, 71, $35,000 note payable along with paying $2,000 in cash. July \& Borroved $66,000 cash from NBR Bank by signing a 120-day, 118, $66,000 note payable. -? Paid the amount due on the note to Locust at the maturity date. November 228 Paid the amount due on the note to PBR Bank at the maturity date. $24,000 cash trom December 31 Recorded an adjusting from Fargo Bank by aigning a 60-day, 91, $24,000 note payable. Year 2 - 2 Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Algo) Part 1 Required: 1. Determine the maturitv date for each of the three notes described. November 28 Borrowed $4,000 cash trom Yargo Bank by s1gning a bu-day, y%,$4, 00u 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 Pargo Bank at the maturity date. Problem 9-1A (Algo) Part 1 Required: 1. Determine the maturity date for each of the three notes described