Problem 9-1A Short-term notes payable transactions and entries LO P1 Tyrell Co. entered into the following transactions involving short-term liabilities in 2016 and 2017 2016 Apr. 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. Tyrell uses the perpetual inventory system. May 19 Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 10% annual interest along with paying $5,250 in cash. 150 X 60 July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 9% interest-bearing note with a face value of $80,000. souwx.cf x 120/360 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 $42,000 cash from Fargo Bank by signing a 60-day, 8% interest-bearing note with a face value of $42,000. 12. 0 x08 y rn Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. 42, coux.084 31/360 2017 Paid the amount due on the note to Fargo Bank at the maturity date. (1) Maturity Dates: (2) Interest Due at Maturity: (3) Accrued Interest at the End of 2016: (4) Interest Expense in 2017: GENERAL JOURNAL Credit PR Debit Date Account Titles and Explanation