Determine the maturity date

Tytus Co. entered into the following transactions involving short-term liabilities in 2010 and 2011.

2010

Apr. 20

Purchased $38,500 of merchandise on credit from Frier, terms are 1/10, n/30. Tytus uses the perpetual inventory system.

May 19

Replaced the April 20 account payable to Frier with a 90-day, $30,000 note bearing 8% annual interest along with paying $8,500 in cash.

July 8

Borrowed $66,000 cash from Community Bank by signing a 120-day, 11% interest-bearing note with a face value of $66,000.

__?__

Paid the amount due on the note to Frier at the maturity date.

__?__

Paid the amount due on the note to Community Bank at the maturity date.

Nov. 28

Borrowed $33,000 cash from UMB Bank by signing a 60-day, 6% interest-bearing note with a face value of $33,000.

Dec. 31

Recorded an adjusting entry for accrued interest on the note to UMB Bank.

2011

__?__

Paid the amount due on the note to UMB Bank at the maturity date.

Worksheet

Difficulty: Hard

Learning Objective: 09-P1 Prepare entries to account for short term notes payable.

2.

Determine the interest due at maturity for each of the three notes. (Use 360 days a year. Do not round your intermediate calculations. Omit the "$" sign in your response.)

Frier

Com. Bank

UMB

Interest due at maturity

$ [removed]

$ [removed]

$ [removed]