Required information Journal entry worksheet

$1$

$2$

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$8$

Paid the amount due on the note to Locust at the maturity date.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$August $17,$Notes payable$-$Locust,$35,000,],[,$Interest expense,,$],[,$Cash,,$],[,,,],[,,,],[,,,]]$ Paid the amount due on the note to NBR Bank at the maturity date.

Note: Enter debits before credits. Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

Note: Enter debits before credits.Paid the amount due on the note to Fargo Bank at the maturity date.

Note: Enter debits before credits.

$[$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 $$36,500$ of merchandise on credit from Locust, terms $\frac{n}{30}.$

May $19$ Replaced the April $20$ account payable to Locust with a $90-$day, $8\%,$ $$35,000$ note payable along

with paying $$1,500$ in cash.

July $8$ Borrowed $$66,000$ cash from NBR Bank by signing a $120-$day, $11\%,$$$66,000$ note payable.

$\_?$ 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.

November $\frac{?}{\text{b}\text{a}\text{r}}(28)$ Borrowed $$33,000$ cash from Fargo Bank by signing a $60-$day, $7\%,$$$33,000$ note payable.

December $31$ Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

Year $2$

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

Prepare journal entries for all the preceding transactions and events.

Note: Do not round your intermediate calculations.

Tyrell Company entered into the following transactions involving short$-$term liabilities.

Year $1$

April $20$ Purchased $$36,500$ of merchandise on credit from Locust, terms n$/30.$

May $19$ Replaced the April $20$ account payable to Locust with a $90-$day, $8\%,$ $$35,000$ note payable along with paying $$1,500$ in cash.

July $8$ Borrowed $$66,000$ cash from NBR Bank by signing a $120-$day, $11\%,$ $$66,000$ 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 $$33,000$ cash from Fargo Bank by signing a $60-$day, $7\%,$ $$33,000$ 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.