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any help would be greatly appreciated!! [The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities.
any help would be greatly appreciated!!
[The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $40,250 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 108,$35,000 note payable along with paying $5,250 in cash. July 8 Borrowed $80,000 cash from NBR Bank by signing a 120 -day, 9%,$80,000 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 28 Borrowed $42,000 cash from. Fargo Bank by signing a 60 -day, 88,$42,000 note December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 _? 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 Step by Step Solution
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