Problem 9-1A (Algo) Short-term notes payable transactions and entries LO P1 Skip to question [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.

5. Prepare journal entries for all the preceding transactions and events. Note: Do not round your intermediate calculations