A company received the following notes during 2020. The notes were discounted on the dates and at the rates indicated.

Required Identify each note by letter, compute interest using a 365-day year for all notes, and round all interest amounts to the nearest cent. Explanations are not required.
1. Determine the due date and maturity value of each note.
2. Determine the discount and proceeds from the sale (discounting) of each note.
3. Write the general journal entry to record the discounting of note (a).

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A B C D E F G Principal Interest Date Discount Note Date Amount Rate Term Discounted Rate 2 (a) Aug. 18 $10,000 11% 6 months Nov. 18 13% 3 (b) Jul. 15 9,000 9 90 days Jul. 26 12 (c) Sep. 1 16,000 10 180 days Nov. 2 13