1. Determine the maturiy date for each of the three notes described

2. Determine the interest dur at maturity for each of the three notes

3. Determine the interest expense to be recorded in the adjusting entry at the end of 2016

4. Determine the interest expense to be recorded in 2017

5. Prepare journal entries for all the preceding transactions and events for 2016

Required information [The following information applies to the questions displayed below 5 Tyrell Co. entered into the following transactions involving short-term liabilities in 2016 and 2017 2016 Apr. 20 Purchased $39,500 of merchandise on credit from Locust, terms n/30. Tyrell uses the perpetual inventory aystem. 19 Replaced the April 20 account payable to Locust with a 90-day, $35, 000 note bearing 9 annual interest along with paying $4,500 in cash. May ok July 8 Borrowed $63,000 cash from NBR Bank by #igning a 120-day, 12 intereat-bearing note with a face value of $63,000. Paid the amount due on the note to Locuat at the maturity date. Paid the amount due on the note to NBR Bank at the maturity date. ences Nov. 28 Borrowed C33,000 cash fron Fargo Bank by signing a 60-day, 6 interest-bearing note with a face value of $33,000. Dec. 31 Recorded an adsuating entry for accrued intereat on the note to Fargo Bank. 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