Chapter 10 - Basic Exercises eBook Show Me How Calculator 1. BE.10-01 ALGO Proceeds from Notes Payable 2. BE.10-02.ALGO On September 1, Elegant Salon Company issued a 90-day note with a face amount of $87,600 to Hamlet Hair Products Company for merchandise inventory. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 7%. b. Determine the proceeds of the note, assuming the note is discounted at 7%. Chapter 10 - Basic Exercises eBook Show Show Me How Calculator 1. BE.10-01.ALGO Employee Net Pay 2. BE.10-02 ALGO Kenneth Washington's weekly gross earnings for the week ending December 18 were $3,180, and his federal income tax withholding was $572.4. Assuming the social security rate is 6% and Medicare is 1.5% of all earnings, what is Washington's net pay? If required, round your answer to two decimal places. $