for part 2 record entries for following 1. the purchase of merchandise on credit.

2.Record the payment of cash and a note written to exchange due date

3.Record the borrowing of cash with a 90-day against note

4.Record the payment of note with interest.

5.Record the payment of note with interest

6.Record the borrowing of cash with a 120-day note.

7.Record the accrued interest on note payable.

8.Record the payment of note with interest

Zing Cell Phone Company entered into the following transactions involving current liabilities during 2017 and 2018, 2017 Mar Apr. May 14 Purchased merchandise on credit from Ferns Inc. for $142,000. The terms were 1 /10, n/30 (assume a perpetual inventory system) 14 Zing paid $26,000 cash and replaced the 116,000 remaining balance of the account payable to Ferris Inc. with a 6%, 60-day note payable 21 Borrowed $126,000 from Scotia Bank by signing a 5.5%, 90-day note. ?Paid the note to Ferris Inc, at maturity Dec. Dec. ? Paid the note to Scotia Bank at maturity. 15 Borrowed $101,000 and signed a 6 25%, 120-day note with National Bank. 31 Recorded an adjusting entry for the accrual of interest on the note to National Bank. 2018 ? Paid the note to National Bank at maturity Required: 1. Determine the maturity dates of the three notes just described. a Bank National Banlk Maturity date 2. Present journal entries for each of the preceding dates. (Use 365 days an year. Rou your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the purchase of merchandise on credit. Note: Enter debits before credits Record entry Clear entry View general journal