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Required: 1. Determine the maturity date for each of the three notes described. Locust NBR Bank Fargo Bank Maturity date Required information Problem 9-1A (Algo)

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Required: 1. Determine the maturity date for each of the three notes described. Locust NBR Bank Fargo Bank Maturity date Required information Problem 9-1A (Algo) Short-term notes payable transactions and entries LO P1 [The following information applies to the questions displayed below) Tyrell Company entered into the following transactions involving short-term llabilities. Year 1 April 20 Purchased $36,000 of merchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 71, $35,000 note payable along with paying $1,000 in cash. July 8 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 111, $54,000 note payable. -?- Paid the amount due on the note to NBR Bank at the maturity date. November 28 Borrowed $30,000 cash from Fargo Bank by signing a 60-day, 91, $30,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 -2 Paid the amount due on the note to Fargo Bank at the maturity date

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