Required information Problem 9-1A 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. Year 1 Apr. 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, 8% , $35,000 note payable along with paying $500 in cash 8 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 10% , $54,000 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 July Nov. 28 Borrowed $27,000 cash from Fargo Bank by signing a 60-day, 8% , $ 27 ,000 note payable. Dec. 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 Part 5 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) : View journal entry worksheet View transaction list Debit No Date General Journal Credit 8 Jan 27 Cash Journal entry worksheet 4 5 6 7 1 2 3 8 Replaced the April 20 account payable to Locust with a 90-day, 8%, $ 35 ,000 note payable along with paying $500 in cash. Note: Enter debits before credits. Credit Date General Journal Debit May 19 Clear entry Record entry View general journal Journal entry worksheet 1 2 4 5 6 7 8 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 10%, $54,000 note payable. Note: Enter debits before credits. Debit Credit Date General Journal Jul 08 View general journal Record entry Clear entry Journal entry worksheet 1 2 5 6 7 8 Paid the amount due on the note to Locust at the maturity date Note: Enter debits before credits. Debit Credit Date General Journal Aug 17 Record entry Clear entry View general journal LO. Journal entry worksheet 1 2 3 6 7 Paid the amount due on the note to NBR Bank at the maturity date. Note: Enter debits before credits. Credit Date General Journal Debit Nov 05 Record entry Clear entry View general journal CO LO ww w Journal entry worksheet 1 2 3 4 5 7 8 Borrowed $27,000 cash from Fargo Bank by signing a 60-day, 8 %, $27,000 note payable. Note: Enter debits before credits. Date General Journal Debit Credit Nov 28 Record entry Clear entry View general journal CO LO Journal entry worksheet