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 $37,000 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 8% annual interest along with paying $2,000 in cash.
July		8		Borrowed $57,000 cash from NBR Bank by signing a 120-day, 10% interest-bearing note with a face value of $57,000.
__?__				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 $24,000 cash from Fargo Bank by signing a 60-day, 7% 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.

2017

__?__

Paid the amount due on the note to Fargo Bank at the maturity date.

Problem 9-1A Part 5

5.1 Prepare journal entries for all the preceding transactions and events for 2016. (Do not round your intermediate calculations.)

5.2 Prepare journal entries for all the preceding transactions and events for 2017. (Do not round your intermediate calculations.)