Tyrell Company entered into the following transactions involving shortterm liabilities.
Year
April Purchased $ of merchandise on credit from Locust, terms
May Replaced the April account payable to Locust with a day, $ note payable along with paying $ in cash.
July Borrowed $ cash from NBR Bank by signing a day, $ 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.
November Borrowed $ cash from Fargo Bank by signing a day, $ note payable.
December Recorded an adjusting entry for accrued interest on the note to Fargo Bank.
Year
Paid the amount due on the note to Fargo Bank at the maturity date.
Required:
Determine the maturity date for each of the three notes described.
tableLocust,NBR Bank,Fargo BankMaturity date,,,
