Assume that the note in problem 4 , instead of being collected, was discounted at Fells Wargo Bank at a discount rate of 16% on July 31st,2021. Find (showing your work!) the a) Maturity Value b) Discount Period c) Discount Amount d) Proceeds e) Journal Entry Record the following entries for Hanna, Inc., a retail company in journal form: 1. Set up an $48,000 note receivable (for the account of Bruce Brown when Brown had trouble paying on his account) at 6% annual interest for 120 days, starting on July 1 , 2021. 2. The note was dishonored (unpaid) on October 29, 2021. (Brown never showed up) Recorded the proper entry to re-establish the account receivable. 3. Account plus interest on the new principle was collected 30 days later, November 28 , 2021 Assume that the note in problem 4 , instead of being collected, was discounted at Fells Wargo Bank at a discount rate of 16% on July 31st,2021. Find (showing your work!) the a) Maturity Value b) Discount Period c) Discount Amount d) Proceeds e) Journal Entry Record the following entries for Hanna, Inc., a retail company in journal form: 1. Set up an $48,000 note receivable (for the account of Bruce Brown when Brown had trouble paying on his account) at 6% annual interest for 120 days, starting on July 1 , 2021. 2. The note was dishonored (unpaid) on October 29, 2021. (Brown never showed up) Recorded the proper entry to re-establish the account receivable. 3. Account plus interest on the new principle was collected 30 days later, November 28 , 2021