Question: Journalize the discounted note for Feather Co. from Exercise 5. In exercise Feather Co. received a $2,700, 5%, 30-day note from Rusty Co. dated September

Journalize the discounted note for Feather Co. from Exercise 5.
In exercise
Feather Co. received a $2,700, 5%, 30-day note from Rusty Co. dated September 6. On September 29, Feather discounted the note at Save Bank, which charged a of 7%.

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