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 $35,500 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 7%, $35,000 note payable along with paying $500 in cash. July 8 Borrowed $51,000 cash from NBR Bank by signing a 120-day, 10 %, $51,000 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 $33,000 cash from Fargo Bank by signing a 60-day, 9%, $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. Problem 9-1A (Algo) Part 5 5. Prepare journal entries for all the preceding transactions and events. Note: Do not round your intermediate calculations. Answer is not complete. No 1 Date April 20 General Journal Debit Credit Merchandise inventory 35,500 Accounts payable-Locust 35,500 2 May 19 Accounts payable-Locust Cash 35,500 500 3 July 08 Cash 51,000 Notes payable-NBR Bank 51,000 4 August 17 Interest expense 875 6 November 28 Cash 33,000 Notes payable-Fargo Bank 33,000 7 December 31 Interest expense