Question: =+PE 11-1A Proceeds from notes payable obj. 1 EE 11-1 p. 488 On February 1, Electronic Warehouse Co. issued a 45-day note with a face

=+PE 11-1A Proceeds from notes payable obj. 1 EE 11-1 p. 488 On February 1, Electronic Warehouse Co. issued a 45-day note with a face amount of

$80,000 to Yamura Products Co. for cash.

a. Determine the proceeds of the note, assuming the note carries an interest rate of 10%.

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