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o Requlred information [The following information applies to the questions displayed below} Tyrell Co. entered into the following transactions involving short-term liabilities. Hear! Apr. 20 Purchased $36,000 of merchandise on credit from Locust, terms nf30. May 19 Replaced the April 20 account payable to Locust with a 90day, 5%, $35,000 note payable along with paying $1,000 in cash. July 3 Borrowed $60,000 cash from HER Bank by signing a 120-day, 10%, $60,000 note payable. ? Paid the amount due on the note to Locust at the maturity date. 2 Paid the amount due on the note to HER Bank at the maturity date. Nov. 23 Borrowed $2?,000 cash from Fargo Bank by signing a 60-day, ?%, $27,000 note payable. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year2 ? Paid the amount due on the note to Fargo Bank at the maturity date. 5. Prepare journal entries for all the preceding transactions and events. (Do not round your intermediate calculations.) View transaction list View journal entry worksheet X No Date General Journal Debit Credit 1 Apr 20 Merchandise inventory 36,000 Accounts payable-Locust 36,000 2 May 19 Accounts payable-Locust 40,250 Cast 5,250 Notes payable-Locust 35,000 3 Jul 08 Cash 60,000 Notes payable-NBR Bank 60,000 4 Aug 17 Notes payable-Locust Interest expense Cash 5 Nov 05 Notes payable-NBR Bank Interest expense Cash 6 Nov 28 Cash 27,000 Notes payable-Fargo Bank 27,000 7 Dec 31 Interest expense Interest payable 8 Jan 27 Notes payable-Fargo Bank Interest payable Interest expense Cash