Required information Problem 11-1A 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 2016 and 2017 2016 Apr. 20 Purchased $36,500 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, 535,000 note bearing af annual interest along with paying $1,500 in cash. July 8 Borrowed $57,000 cash from NBR Bank by signing a 120-day, 11% 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 $35,000 cash from Fargo Bank by signing a 60-day, as interest-bearing note with a face value of $36,000. Dec. 31 Recorded an adju{ting 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 11-1A Part 2 2. Determine the interest due at maturity for each of the three notes. (Do not round your intermediate calculations. Use 360 days o year.) Principal * Rate Time Interest X Locust NBR Bank Fargo Bank X % % % X