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Required information The following information applies to the questions displayed below) Tyrell Co. entered into the following transactions involving short-term liabilities: Year 1 Apr. 20
Required information The following information applies to the questions displayed below) Tyrell Co. entered into the following transactions involving short-term liabilities: Year 1 Apr. 20 Purchased $35,580 of merchandise on credit from Locust, terms 11/30. May 19 Replaced the April 20 account payable to Locust with a se day. 9X. $25,000 note payable along with paying $508 in cash July 8 Borrowed $69,000 cash from NBR Bank by signing a 120 day, 12%, $69.00 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. Nov. 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 7%, $24,000 note payable. Dec. 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. es Required: 1. Determine the maturity date for each of the three notes descnbed. Locust NBR Bank Fargo Bank Maturity date
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