Required information Problem 11-1A (Static) Short-term notes payable transactions and entries LO P1 [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 $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 108, $35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120-day, 98, $80,000 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 28 Borrowed $42,000 cash from Fargo Bank by signing a 60-day, 88, $42,000 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. Problem 11-1A (Static) Part 5 5. Prepare journal entries for all the preceding transactions and events. View transaction list Journal entry worksheet OGI 16 tv D . 2 e Journal entry worksheet OCT 16 tv o Journal entry worksheet 2 2 3 5 6 7 8 Paid the amount due on the note to Locust at the maturity date. Note: Enter debits before credits. Date General Journal Debit Credit August 17 10 tv - 3 2 CH Journal entry worksheet Paid the amount due on the note to NBR Bank at the maturity date. Note: Enter debits before credits. General Journal Debit Date November 05 Credit 5 11 Journal entry worksheet Journal entry worksheet 1 2 3 4 5 6 7 8 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Note: Enter debits before credits. Date December 31 General Journal Debit Credit S Journal entry worksheet