Zing Cell Phone Company entered into the following transactions involving current liabilities during 2023 and 2024:

Required

1. Determine the maturity dates of the three notes just described.

2. Present journal entries for each of the preceding dates.

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2023 Mar. 14 Purchased merchandise on credit from Ferris Inc. for $150,000. The terms were 1/10, n/30 (assume a perpetual inventory system). Apr. 14 Zing paid $30,000 cash and replaced the $120,000 remaining balance of the account payable to Ferris Inc. with a 5%, 60-day note payable. May 21 Borrowed $130,000 from Scotiabank by signing a 4.5%, 90-day note. ? Paid the note to Ferris Inc. at maturity. Paid the note to Scotiabank at maturity. ? Dec. 15 Borrowed $105,000 and signed a 5.25%, 120-day note with National Bank. Dec. 31 Recorded an adjusting entry for the accrual of interest on the note to National Bank. 2024 ? Paid the note to National Bank at maturity.