$27.)$ On August $1,$ Batson Company issued a $60-$day note with a face amount of $$90,600$ to Jergens Company for merchandise inventory. $($Assume a $360-$day year is used for interest calculations.$)$

a$.$ Determine the proceeds of the note assuming the note carries an interest rate of $6\%.$

fill in the blank $1$

b$.$ Determine the proceeds of the note assuming the note is discounted at $6\%.$

fill in the blank $2$

$29.)$ Question Content Area

If $$1,140,000$ of $6\%$ bonds are issued at $1021/2,$ The amount of cash received from the sale is

a$.$ $$1,208,400$

b$.$ $$855,000$

c$.$ $$1,168,500$

d$.$ $$1,140,000$