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Hamilton Co. entered into the following transactions involving short-term liabilities. Year 1 20 19 8 Apr. May in cash July ? ? Nov. Dec. Purchased

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Hamilton Co. entered into the following transactions involving short-term liabilities. Year 1 20 19 8 Apr. May in cash July ? ? Nov. Dec. Purchased $35,500 of merchandise on credit from Locust, terms n/30. Replaced the April 20 account payable to Locust with a 90-day, 9%, $35,000 note payable along with paying $500 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 11%, $54,000 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. 28 Borrowed $30,000 cash from Fargo Bank by signing a 60-day, 7%, $30,000 note payable. 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. Determine the maturity date for each of the three notes described Required: 1. Determine the maturity date for each of the three notes described Locust NBR Fargo Maturity Date 1a. Determine the interest due at maturity for each of the three notes. (Do not round your intermediate calculations Use 360 days a year) Principal Rate Time Interest Locust NBR Fargo 16 Determine the interest expense recorded in the adjusting entry at the end of Year 1 and 2. (Do not round your intermediate calculations. Use 360 days a year) Year End Accrual: Fargo Bank Principal Rate Time Interest Intrest Accrued in Year 1 Intrest Accrued in Year 2 1C. Prepare A Journal Entry

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