Raecker, Inc., completed the following transactions during the current year. Source documents are abbreviated as follows: check, C; receipt, R.

Instructions:
1. Journalize the transactions on page 15 of a cash receipts journal.
2. Calculate the maturity dates for each note.
3. Calculate the total amount of interest due at maturity for each note.
4. Journalize the following transactions on page 21 of a cash payments journal. Use the maturity dates and the interest amounts calculated in the preceding steps.
Paid cash for the maturity value of the City National Bank note. C245.
Paid cash for the maturity value of the First American Bank note. C352.
Paid cash for the maturity value of the Commercial State Bank note. C459.

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Transactions: Aug. 1. Signed a 90-day, 11% note with City National Bank for $1,100.00. R143. Sept. 12. Signed a 60-day, 12% note with First American Bank for $1,200.00. R176. Oct. 21. Signed a 60-day, 10% note with Commercial State Bank for $800.00. R203.