Required information

Skip to question

$[$The following information applies to the questions displayed below.$]$

Tyrell Company entered into the following transactions involving short$-$term liabilities.

Year $1$

April $20$ Purchased $$37,500$ of merchandise on credit from Locust, terms n$/30.$

May $19$ Replaced the April $20$ account payable to Locust with a $90-$day, $7\%,$ $$35,000$ note payable along with paying $$2,500$ in cash.

July $8$ Borrowed $$69,000$ cash from NBR Bank by signing a $120-$day, $10\%,$ $$69,000$ note payable.

$\_\_?$question mark$\_\_$ Paid the amount due on the note to Locust at the maturity date.

$\_\_?$question mark$\_\_$ Paid the amount due on the note to NBR Bank at the maturity date.

November $28$ Borrowed $$24,000$ cash from Fargo Bank by signing a $60-$day, $6\%,$ $$24,000$ note payable.

December $31$ Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

Year $2$

$\_\_?$question mark$\_\_$ Paid the amount due on the note to Fargo Bank at the maturity date.

Required:

$1.$ Determine the maturity date for each of the three notes described.