Question: Required information Problem 9-1A (Algo) Short-term notes payable transactions and entries LO P1 [The following information applies to the questions displayed below] Tyrell Company entered
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Required information Problem 9-1A (Algo) 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 $36,000 of merchandise on ffedit fron Locust, tormin n/30. Kay 19 Replaced the Apri1 20 account payable to Locust with o 90 -day, 81,$35,000 note payable along with paying $1,000 in cash. July 8 Borrowed $69,000 cash fron NBR Bank by signing a 120-day, 101, $69,000 note payable. - Paid the amount due on the note to Locust at the maturity date. Novenber 28 Paid the amount due on the note to sBR Bank at the maturity date. December 31 Recorded an adjusting enom Yargo Bank by signing a 60 -day, 91,$33,000 note payable. Year 2 2 - Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Algo) Part 5 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) Journal entry worksheet (1) 2 3 4 5 6 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Note: Enter debits before credits. Journal entry worksheet Paid the amount due on the note to Fargo Bank at the maturity date. Note: Enter debits before credits
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