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 $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, 10%, $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, 9%, $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.
Nov.		28		Borrowed $42,000 cash from Fargo Bank by signing a 60-day, 8%, $42,000 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.