Question: i: CengageNOWv2 / Online teaching xx+ m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession ... On August 1, Batson Company issued a 60 -day note with a face amount of $91,200 to
i: CengageNOWv2 / Online teaching xx+ m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession ... On August 1, Batson Company issued a 60 -day note with a face amount of $91,200 to Jergens Company for merchandise inventory. (Assume a 360-day year is used for interest computations.) a. Determine the proceeds of the note assuming the note carries an interest rate of 12%. b. Determine the proceeds of the note assuming the note is discounted at 12%. Please help
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