Problem 10-3A Transactions with current notes payableLO3

Zing Cell Phone Company entered into the following transactions involving current liabilities during 2020 and 2021:

6 - Graded LP2.2 Assignment: X McGraw-Hill Connect - accBF X |Class Corporate Accounting it X Problems X Homework Help - Q&A from X + X C A prod.reader-ui.prod.mheducation.com/epub/sn_beeda/data-uuid-daeee26826624395bb58e849ab667176 G kk Paused E Aa 2020 Mar. 14 Purchased merchandise on credit from Ferris Inc. for $150,000. The terms were 1/10, n/30 (assume a perpetual inventory system). Apr. 14 Zing paid $30,000 cash and replaced the $120,000 remaining balance of the account payable to Ferris Inc. with a 5%, 60- day note payable. May 21 Borrowed $130,000 from Scotiabank by signing a 4.5%, 90-day note. ? Paid the note to Ferris Inc. at maturity. ? Paid the note to Scotiabank at maturity. Dec. 15 Borrowed $105,000 and signed a 5.25%, 120-day note with National Bank. Dec. 31 Recorded an adjusting entry for the accrual of interest on the note to National Bank. 2021 ? Paid the note to National Bank at maturity. Required 1. Determine the maturity dates of the three notes just described. 2. Present journal entries for each of the preceding dates. 1:53 PM Type here to search O O 8.C Mostly cloudy ~ x O ()) 10/13/2021 27