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The following information applies to the questions displayed below.) Tyrell Co, entered into the following transactions involving short-term liabilities in 2016 and 2017 2016 Apr.
The following information applies to the questions displayed below.) Tyrell Co, entered into the following transactions involving short-term liabilities in 2016 and 2017 2016 Apr. 20 Purchased $38,500 of merchandise on credit from Locust, terms n/30. Tyrell uses the perpetual inventory system. May 19 Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 8 annual interest along with paying $3,500 in cash. July 8 Borroved $66,000 cash from NBR Bank by signing a 120-day, 121 interest-bearing note with a face value of $66,000. 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, 71 interest-bearing note with a face value of $24,000. Dec. 31 Recorded an adjusting entry for acerued interest on the note to Fargo Bank. 2017 _?__ Paid the amount due on the note to Pargo Bank at the maturity date. Required: 1. Determine the maturity date for each of the three notes described. Locust NBR Bank Fargo Bank Maturity date
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