accounting problem help. would you know how to do this?
Tyrell Co. entered into the following transactions involving short-term liabilities in 2012 and 2013. |
2012 | |
Apr. 20 ; |
Purchased $35,500 of merchandise on credit from Locust, terms are 1/10, n/30. Tyrell uses the perpetual inventory system. OUR PROCESSOrderPaymentWritingDeliveryWhy Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality |
May 19 ; |
Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 9% annual interest along with paying $500 in cash. |
July 8 ; |
Borrowed $54,000 cash from National Bank by signing a 120-day, 11% interest-bearing note with a face value of $54,000. |
__?__ ; | Paid the amount due on the note to Locust at the maturity date. |
__?__ ; | Paid the amount due on the note to National Bank at the maturity date. |
Nov. 28 ; |
Borrowed $33,000 cash from Fargo Bank by signing a 60-day, 8% interest-bearing note with a face value of $33,000. |
Dec. 31 ; | Recorded an adjusting entry for accrued interest on the note to Fargo Bank. |
2013 |
__?__ ; | Paid the amount due on the note to Fargo Bank at the maturity date. |