Zing Cell Phone Company entered into the following transactions involving current liabilities during 2020 and 2021. 2020 Mar. Apr. May Dec. 14 Purchased merchandise on credit from Ferris Inc. for $138,000. The terms were 1/10, n/30 (assume a perpetual inventory system). 14 Zing paid $24,000 cash and replaced the $114,000 remaining balance of the account payable to Ferris Inc. with a 5%, 60-day note payable. 21 Borrowed $124,000 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. 15 Borrowed $99,000 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 Required: ?Paid the note to National Bank at maturity. 1. Determine the maturity dates of the three notes just described. Ferris Inc. Scotiabank National Bank Maturity date 2. Present journal entries for each of the preceding dates. (Use 365 days an year. Do not round intermediate calculations and round the final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 Record the purchase of merchandise on credit. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal 2. Present journal entries for each of the preceding dates. (Use 365 days an year. Do not round intermediate calculations and round the final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 2 3 45678 Record the payment of cash and a note written to extend due date. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general journal 2. Present journal entries for each of the preceding dates. (Use 365 days an year. Do not round intermediate calculations and round the final answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 > Record the borrowing of cash with a 90-day against note. Note: Enter debits before credits. Transaction C. General Journal Debit Credit Record entry Clear entry View general journal 2. Present journal entries for each of the preceding dates. (Use 365 days an year. Do not round intermediate calculations and round the final answers to 2 decimal places.) View transaction list > 5678 Journal entry worksheet 1 2 3 Record the payment of note with interest. Note: Enter debits before credits. Transaction d. General Journal Debit Credit Record entry Clear entry View general journal 2. Present journal entries for each of the preceding dates. (Use 365 days an year. Do not round intermediate calculations and round the final answers to 2 decimal places.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 > Record the payment of note with interest. Note: Enter debits before credits. Transaction e. General Journal Debit Credit Record entry Clear entry View general journal 2. Present journal entries for each of the preceding dates. (Use 365 days an year. Do not round intermediate calculations and round the final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 2 3 45 6 7 Record the borrowing of cash with a 120-day note. Note: Enter debits before credits. Transaction f. General Journal Debit Credit Record entry Clear entry View general journal 2. Present journal entries for each of the preceding dates. (Use 365 days an year. Do not round intermediate calculations and round the final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 2 3 456 7 8 > Record the accrued interest on note payable. Note: Enter debits before credits. Transaction g. General Journal Debit Credit Record entry Clear entry View general journal 2. Present journal entries for each of the preceding dates. (Use 365 days an year. Do not round intermediate calculations and round the final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Record the payment of note with interest. Note: Enter debits before credits. Transaction h. 8 General Journal Debit Credit Record entry Clear entry View general journal