Problem 9-1A Short-term notes payable transactions and entries LO P1 The following information applies to the questions displayed below.] Tyrell Co. entered into the following transactions involving short-term liabilities in 2014 and 2015 2014 Apr. 20 Purchased $37,500 of merchandise on credit from Locust, terms are 1/10, n/30. Tyrell uses the May 19 Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 8% annual July 8 Borrowed $63,000 cash from National Bank by signing a 120-day, 12% interest-bearing note with a perpetual inventory system. interest along with paying $2,500 in cash. face value of $63,000. ?Paid the amount due on the note to Locust at the maturity date. ?Paid the amount due on the note to National Bank at the maturity date Nov. 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 8% interest-bearing note with a face value of $24,000. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 2015 ?Paid the amount due on the note to Fargo Bank at the maturity date