Please help me answer below: CoursHeroTranscribedText: 9 Required information Part 1 of 5 [The following...
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CoursHeroTranscribedText: 9 Required information Part 1 of 5 [The following information applies to the questions displayed below.] 7.69 Tyrell Co. entered into the following transactions involving short-term liabilities in 2016 and 2017. points 2016 Apr. 20 Purchased $38,000 of merchandise on credit from Locust, terms n/30. Tyrell uses the perpetual inventory system. May 19 Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 8% annual interest along with paying $3,000 in cash. eBook July 8 Borrowed $60,000 cash from NBR Bank by signing a 120-day, 11% interest-bearing note with a face value of $60,000. 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. Print Nov. 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 8% interest-bearing note with a face value of $24, 000. Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. References 2017 Paid the amount due on the note to Fargo Bank at the maturity date. Required: 1. Determine the maturity date for each of the three notes described. Locust NBR Bank Fargo Bank Maturity date
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