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April $20$ Purchased $$40,250$ of merchandise on credit from Locust, terms $\frac{n}{30}.$

May $19$ Replaced the April $20$ account payable to Locust with a $90-$day, $10\%,$ $$35,000$ note payable along with paying $$5,250$ in cash.

July $8$ Borrowed $$80,000$ cash from NBR Bank by signing a $120-$day, $9\%,$$$80,000$ note payable. $q,$ Paid the amount due on the note to Locust at the maturity date. $q,$

$q,$ Paid the amount due on the note to NBR Bank at

November $28$

the maturity date.

December $31$

Borrowed $$42,000$ cash from Fargo Bank by signing a $60-$day, $8\%,$$$42,000$ note payable. Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

Year $2$

$q,$

$q,$ Paid the amount due on the note to Fargo Bank at the maturity date.

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

Note: Do not round your intermediate calculations. Use $360$ days a year.

$\backslash$table$[[,,$ncipal,$x,$Rate,$x,$Time,$=,$Interest$],[$Locust$,$$$,35,000,x,\%,x,,=,],[$NBR Bank,$$,80,000,x,\%,x,,=,],[$Fargo Bank,$$,42,000,x,\%,x,,=,]]$