The January 1, 2016 trial balance for the Tyrell Company is found on the trial balance tab. The beginning balances are assumed. Tyrell Co. entered into the following transactions involving short-term liabilities in 2016 and 2017. (Use 360 days a year.)

Apr. 20 Purchased $40, 250 Of merchandise on credit from Locust, terms are n/ 30. Tyrell uses the
perpetual inventory system.
May 19 Replaced the April 20 account payable to Locust with a 9ø-day, $35,øøø note bearing annual interest along with paying $5,250 in cash.
July 8 Borrowed $80,øøø cash from NBR Bank by signing a 120-day, 9% interest-bearing note with a face value of $80,000.
Aug 17 Paid the amount due on the note to Locust at the maturity date.
Nov 5 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 a-day, 8% interest-bearing note with a face value of $42,
Dec. 31 Recorded an adjusting entry for accrued interest on the note

2017:
Paid the amount due on the note to Far o Bank at the maturity to Fargo Bank. date.

Required:
Prepare the journal entries related to notes and accounts payable.

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?

While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right